Wabash National Corporation (WNC)

Receivables 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
Revenue (ttm)	US$ in thousands	2,536,500	2,597,849	2,620,171	2,576,320	2,502,129	2,323,957	2,151,373	1,958,026	1,803,268	1,728,069	1,597,087	1,486,818	1,481,889	1,656,812	1,886,136	2,173,036	2,319,136	2,350,331	2,322,496	2,309,133
Receivables	US$ in thousands	194,830	222,764	236,816	256,704	257,935	252,020	234,981	293,871	186,897	226,968	132,444	150,892	119,374	114,168	136,278	146,916	181,438	177,880	170,382	185,950
Receivables turnover		13.02	11.66	11.06	10.04	9.70	9.22	9.16	6.66	9.65	7.61	12.06	9.85	12.41	14.51	13.84	14.79	12.78	13.21	13.63	12.42

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,536,500K ÷ $194,830K
= 13.02

The receivables turnover ratio for Wabash National Corp. has been showing an increasing trend over the past eight quarters, reaching 13.86 in Q4 2023, which indicates that the company collects its accounts receivable approximately 13.86 times during the year. This increasing trend suggests that the company has been improving its efficiency in collecting payment from customers.

A higher receivables turnover ratio typically indicates that a company is effectively managing its accounts receivable and collecting payments in a timely manner. This can be a positive sign of strong customer relationships, efficient credit policies, and effective collections processes.

The significant improvement in the receivables turnover ratio from 6.75 in Q1 2022 to 13.86 in Q4 2023 suggests that Wabash National Corp. has made substantial progress in managing its accounts receivable more efficiently over the past two years. This improvement may have positive implications for the company's cash flow, liquidity, and overall financial health.

Overall, the increasing trend in the receivables turnover ratio for Wabash National Corp. reflects a positive picture of the company's ability to collect payments promptly and manage its accounts receivable effectively.