Wabash National Corporation (WNC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,946,740 | 2,126,026 | 2,294,814 | 2,430,824 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 349,567 | 340,263 | 310,570 | 271,116 | 252,383 | 261,775 | 243,791 | 232,425 | 208,456 | 207,369 | 216,435 | 209,676 | 226,887 | 231,574 | 220,546 |
| Fixed asset turnover | — | — | — | — | — | 7.43 | 7.70 | 8.30 | 9.23 | 9.21 | 8.22 | 8.03 | 7.76 | 8.29 | 7.70 | 6.87 | 7.07 | 7.30 | 8.14 | 9.85 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,946,740K ÷ $—K
= —
The fixed asset turnover ratio for Wabash National Corporation has shown a decreasing trend over the past few quarters. From a high of 9.85 in March 2020, the ratio gradually decreased to 7.07 by December 2020, indicating that the company generated less revenue relative to its fixed assets during this period.
However, a slight uptick was observed in the fixed asset turnover ratio in the following quarters, reaching a peak of 9.23 by December 2022. This improvement suggested that Wabash National Corporation was able to generate more sales from its fixed assets during this period.
Subsequently, the fixed asset turnover ratio fluctuated around the 7 to 8 range in the quarters leading up to December 2023. Unfortunately, the data is unavailable for the quarters after December 2023.
Overall, Wabash National Corporation's fixed asset turnover ratio exhibited some variability but generally maintained levels above 7, indicating reasonable efficiency in utilizing its fixed assets to generate revenue during the period under review.