Wabash National Corporation (WNC)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	2,038,313	2,113,288	2,166,515	2,195,657	2,179,438	2,053,215	1,921,591	1,750,670	1,606,801	1,528,754	1,405,623	1,316,641	1,322,135	1,470,247	1,665,030	1,898,601	2,012,754	2,047,200	2,031,938	2,020,910
Inventory	US$ in thousands	267,635	344,292	342,470	315,643	243,870	309,701	305,338	286,734	237,621	259,635	252,550	227,172	163,750	201,510	201,068	245,915	186,914	274,273	264,567	256,980
Inventory turnover		7.62	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	10.77	7.46	7.68	7.86

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,038,313K ÷ $267,635K
= 7.62

The inventory turnover of Wabash National Corp. has shown some fluctuation over the past eight quarters. The ratio ranged from a low of 6.11 in Q1 2022 to a high of 8.94 in Q4 2022. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.

In the most recent quarter, Q4 2023, the inventory turnover ratio was 7.62, which suggests that the company is managing its inventory well and turning over its inventory approximately 7.62 times during the period. This indicates that Wabash National Corp. is selling its products at a healthy rate relative to the level of inventory held.

Overall, the trend in inventory turnover for Wabash National Corp. appears relatively stable, with some seasonal variation. It is important for the company to monitor and manage its inventory effectively to ensure that it continues to strike the right balance between holding enough inventory to meet demand without overstocking and tying up capital unnecessarily.