Wabash National Corporation (WNC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,946,740 | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 |
| Property, plant and equipment | US$ in thousands | — | — | 271,116 | 232,425 | 209,676 |
| Fixed asset turnover | — | — | 9.23 | 7.76 | 7.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,946,740K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Wabash National Corporation, the fixed asset turnover has shown a consistent upward trend from 7.07 in December 31, 2020, to 7.76 in December 31, 2021, and further to 9.23 in December 31, 2022. This indicates that the company has been able to generate increasing sales relative to its investment in fixed assets over this period.
However, it is worth noting that the data for December 31, 2023, and December 31, 2024, is not available (indicated as "—"). This lack of data for these years makes it challenging to assess the trend or draw conclusions for those specific periods.
Overall, the increasing trend in fixed asset turnover for Wabash National Corporation up to December 31, 2022 suggests that the company has been successful in efficiently utilizing its fixed assets to drive revenue growth. Nonetheless, it would be beneficial to have additional data to track the trend more comprehensively and draw more conclusive insights.