Wabash National Corporation (WNC)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,681,670 | 2,038,310 | 2,179,440 | 1,606,800 | 1,322,140 |
| Inventory | US$ in thousands | 258,825 | 267,635 | 243,870 | 237,621 | 163,750 |
| Inventory turnover | 6.50 | 7.62 | 8.94 | 6.76 | 8.07 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,681,670K ÷ $258,825K
= 6.50
The inventory turnover ratio for Wabash National Corporation has shown fluctuations over the five-year period from December 31, 2020, to December 31, 2024. In 2020, the ratio stood at 8.07, indicating that the company turned over its inventory approximately 8.07 times during that year. However, the ratio decreased to 6.76 by the end of 2021, suggesting a slower turnover of inventory.
There was an improvement in inventory turnover in 2022, with the ratio increasing to 8.94. This indicates that the company was able to sell and replace its inventory more efficiently during that period. Subsequently, by the end of 2023, the ratio dropped to 7.62, signaling a slight decline in the pace at which the company was turning over its inventory.
By the end of 2024, the inventory turnover ratio decreased further to 6.50, reflecting a lower number of times the company sold and replaced its inventory during that year. Overall, the trend in inventory turnover for Wabash National Corporation shows variations but suggests a general fluctuation in the efficiency of managing its inventory levels over the five-year period.