Wabash National Corporation (WNC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.51 | 6.92 | 6.98 | 7.09 | 7.63 | 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 6.80 | 7.08 | 7.16 | 7.62 | 7.71 | 7.92 | 8.88 | 9.97 | 10.21 | 8.39 | 7.83 | 6.06 | 7.50 | 5.87 | 5.23 | 4.62 | 4.78 | 5.78 | 6.97 | 7.07 |
The analysis of the activity ratios for Wabash National Corporation reveals the following trends:
1. Inventory Turnover:
- The inventory turnover ratio shows fluctuations over the years, ranging from a low of 5.57 in June 2021 to a high of 8.94 in December 2022.
- Generally, the company has managed to maintain a healthy turnover of inventory, with ratios mostly above 6, indicating efficient management of inventory levels.
2. Receivables Turnover:
- Data for the receivables turnover ratio is not available for the periods provided. Without this information, it is challenging to assess how quickly the company is collecting its accounts receivable.
3. Payables Turnover:
- Similarly, no data is available for the payables turnover ratio, making it difficult to gauge how quickly the company is paying off its trade payables.
4. Working Capital Turnover:
- The working capital turnover ratio shows a fluctuating trend, with values ranging from 4.62 in March 2021 to 10.21 in December 2022.
- A higher turnover ratio indicates that the company is generating more sales relative to the working capital invested, which is a positive sign for efficiency.
In conclusion, the analysis of Wabash National Corporation's activity ratios suggests efficient inventory turnover and working capital management. However, the lack of data for receivables and payables turnover ratios limits the comprehensive assessment of the company's overall liquidity and operational efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 56.06 | 52.77 | 52.31 | 51.47 | 47.85 | 59.46 | 57.70 | 52.47 | 40.84 | 55.06 | 58.00 | 59.78 | 53.98 | 61.99 | 65.58 | 62.98 | 45.21 | 50.03 | 44.08 | 47.28 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
In analyzing the activity ratios of Wabash National Corporation, we first look at the Days of Inventory on Hand (DOH) metric. The DOH for Wabash National Corporation has shown some fluctuations over the periods provided. It started at around 47.28 days on March 31, 2020, reached a peak of 65.58 days on June 30, 2021, and then decreased to 56.06 days by December 31, 2024. Overall, there appears to be some volatility in the management of inventory levels within the company.
On the other hand, the Days of Sales Outstanding (DSO) data is not available for analysis in the provided information. This metric could provide insight into how quickly the company collects its outstanding accounts receivable, but unfortunately, this data is missing.
Similarly, the number of days of payables information is also absent, which could have given us an understanding of how long Wabash National Corporation takes to pay off its obligations to suppliers and creditors.
In conclusion, while the Days of Inventory on Hand ratio indicates some fluctuation in inventory management efficiency, the absence of Days of Sales Outstanding and Number of Days of Payables data limits the comprehensive analysis of Wabash National Corporation's activity ratios.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.38 | 1.46 | 1.71 | 1.76 | 1.86 | 1.87 | 1.89 | 1.97 | 2.08 | 1.83 | 1.67 | 1.55 | 1.63 | 1.48 | 1.35 | 1.21 | 1.28 | 1.39 | 1.65 | 1.77 |
The fixed asset turnover ratio for Wabash National Corporation has shown a fluctuating trend over the years, starting at a high of 9.85 in March 2020 and gradually decreasing to 7.43 in September 2023. This ratio then remained stable at around 7.70 in the following periods till December 2023. The company experienced a slight increase in the fixed asset turnover ratio in March 2024, indicating improved efficiency in utilizing its fixed assets during that period.
In contrast, the total asset turnover ratio for Wabash National Corporation exhibited a more consistent pattern. It started at 1.77 in March 2020, decreased to 1.28 by December 2020, and then gradually increased over the years to reach 1.76 in March 2024. This suggests that the company has been generating more revenue relative to its total assets as time progressed, indicating improved asset utilization efficiency.
Overall, the fixed asset turnover ratio reflects the company's efficiency in generating sales from its fixed assets, while the total asset turnover ratio provides insights into the overall efficiency of the company in generating revenue from all its assets. Both ratios play a crucial role in assessing the operational performance and asset utilization efficiency of Wabash National Corporation over the years.