Wabash National Corporation (WNC)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,536,500 | 2,597,849 | 2,620,171 | 2,576,320 | 2,502,129 | 2,323,957 | 2,151,373 | 1,958,026 | 1,803,268 | 1,728,069 | 1,597,087 | 1,486,818 | 1,481,889 | 1,656,812 | 1,886,136 | 2,173,036 | 2,319,136 | 2,350,331 | 2,322,496 | 2,309,133 |
| Property, plant and equipment | US$ in thousands | 319,980 | 319,358 | 314,133 | 288,823 | 271,116 | 252,383 | 242,636 | 232,037 | 229,725 | 205,762 | 204,639 | 203,832 | 206,876 | 212,063 | 215,764 | 220,546 | 221,346 | 210,963 | 208,718 | 206,719 |
| Fixed asset turnover | 7.93 | 8.13 | 8.34 | 8.92 | 9.23 | 9.21 | 8.87 | 8.44 | 7.85 | 8.40 | 7.80 | 7.29 | 7.16 | 7.81 | 8.74 | 9.85 | 10.48 | 11.14 | 11.13 | 11.17 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,536,500K ÷ $319,980K
= 7.93
The fixed asset turnover ratio for Wabash National Corp. has been consistently high over the past eight quarters, ranging between 7.79 and 9.23. This indicates that the company is efficient in generating revenue from its investment in fixed assets. The ratios suggest that for every dollar invested in fixed assets, the company is able to generate revenue multiple times over.
The trend also shows a slight fluctuation in the ratios over time, with a peak in Q1 2023 at 8.92 and a low in Q4 2023 at 7.79. Despite these fluctuations, the overall trend appears to be stable and indicates that Wabash National Corp. is effectively utilizing its fixed assets to drive revenue generation.
Overall, the fixed asset turnover ratios suggest that Wabash National Corp. is efficiently managing its fixed asset base to support its revenue generation activities.