Wabash National Corporation (WNC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.51 | 6.92 | 6.98 | 7.09 | 7.63 | 6.14 | 6.33 | 6.96 | 8.94 | 6.63 | 6.29 | 6.11 | 6.76 | 5.89 | 5.57 | 5.80 | 8.07 | 7.30 | 8.28 | 7.72 | |
| DOH | days | 56.06 | 52.77 | 52.31 | 51.47 | 47.85 | 59.46 | 57.70 | 52.47 | 40.84 | 55.06 | 58.00 | 59.78 | 53.98 | 61.99 | 65.58 | 62.98 | 45.21 | 50.03 | 44.08 | 47.28 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.51
= 56.06
The days of inventory on hand (DOH) for Wabash National Corporation has shown some fluctuations over the past few years. The trend indicates an improvement in inventory management efficiency as the number of days of inventory on hand has generally decreased from 47.28 days as of March 31, 2020 to 56.06 days as of December 31, 2024.
Notably, there was a significant increase in DOH from March 31, 2021 to June 30, 2021, reaching a peak of 65.58 days, which may have indicated potential inventory management challenges during that period. However, the company was able to reduce the DOH in the subsequent quarters, reaching a low of 40.84 days as of December 31, 2022.
Overall, the gradual decrease in the days of inventory on hand suggests that Wabash National Corporation has been successful in managing its inventory levels more efficiently over the analyzed period, which is a positive sign for the company's operational effectiveness and potential cost savings.