Wabash National Corporation (WNC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,946,740 | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 |
| Total assets | US$ in thousands | 1,411,530 | 1,362,810 | 1,203,520 | 1,107,070 | 1,161,470 |
| Total asset turnover | 1.38 | 1.86 | 2.08 | 1.63 | 1.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,946,740K ÷ $1,411,530K
= 1.38
Based on the data provided, Wabash National Corporation's total asset turnover has fluctuated over the past five years. In 2020, the total asset turnover was 1.28, indicating that the company generated $1.28 in sales for every dollar of assets.
There was a significant improvement in 2021, with the total asset turnover increasing to 1.63, suggesting that the company became more efficient in utilizing its assets to generate revenue. This trend continued into 2022, with a further increase to 2.08, indicating a substantial enhancement in asset utilization efficiency.
However, in 2023, the total asset turnover declined to 1.86, suggesting a slight decrease in the company's ability to generate sales from its assets compared to the previous year. This trend continued in 2024, with the total asset turnover falling to 1.38, indicating a notable decrease in asset utilization efficiency.
Overall, the varying total asset turnover ratios indicate fluctuations in how effectively Wabash National Corporation is utilizing its assets to generate revenue over the period analyzed. Further investigation into the factors driving these fluctuations may be necessary to understand the company's asset management strategy and overall financial performance.