Wabash National Corporation (WNC)
Payables 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 |
| Payables | US$ in thousands | 156,608 | 205,299 | 231,036 | 250,557 | 189,141 | 239,049 | 304,761 | 258,643 | 173,950 | 181,251 | 171,377 | 170,961 | 104,425 | 145,393 | 124,747 | 148,331 | 134,821 | 188,911 | 200,641 | 231,168 |
| Payables turnover | 13.02 | 10.29 | 9.38 | 8.76 | 11.52 | 8.59 | 6.31 | 6.77 | 9.24 | 8.43 | 8.20 | 7.70 | 12.66 | 10.11 | 13.35 | 12.80 | 14.93 | 10.84 | 10.13 | 8.74 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,038,313K ÷ $156,608K
= 13.02
The payables turnover ratio for Wabash National Corp. has fluctuated over the past eight quarters. The ratio indicates the number of times a company pays off its accounts payable during a specific period. A higher payables turnover ratio suggests that the company is managing its payable obligations efficiently.
Looking at the data provided, we can observe an increasing trend in the payables turnover ratio from Q1 2022 to Q4 2022, indicating that the company was paying off its accounts payable more frequently during that period. However, there was a slight decrease in Q1 2023 followed by an increase in subsequent quarters, with the ratio reaching its peak at 13.02 in Q4 2023.
Overall, the payables turnover ratio for Wabash National Corp. has shown variability but has generally been on an upward trend, indicating improved efficiency in managing its accounts payable over the past few quarters. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's payables management performance.