Wabash National Corporation (WNC)

The receivables turnover ratio for Wabash National Corp. has fluctuated over the past five years.

In 2023, the company achieved a receivables turnover ratio of 13.86, indicating that its accounts receivable turnover was higher compared to the previous year. This could suggest that the company was able to collect its accounts receivable more frequently during the year, which is generally a positive sign of efficient credit management.

In 2022, the receivables turnover ratio was 9.79, lower than the previous year. This might indicate that the company took longer to collect its accounts receivable compared to the prior year, possibly pointing to issues with credit policies or collection procedures.

In 2021, the ratio improved to 10.22, showing a better performance in collecting receivables compared to the previous year. This could indicate enhanced efficiency in managing credit sales and collections.

In 2020, the receivables turnover ratio was 14.63, the highest among the five years. This high turnover ratio suggests that the company was able to collect its accounts receivable more frequently during the year, possibly due to effective credit management practices.

In 2019, the ratio was 13.43, also showing efficient management of accounts receivable, though slightly lower compared to the following year.

Overall, the fluctuation in receivables turnover ratios over the years indicates varying levels of effectiveness in collecting accounts receivable. Monitoring this ratio can provide insights into the company's credit policies, collection procedures, and overall financial health.