Wabash National Corporation (WNC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 | 2,319,140 |
| Total assets | US$ in thousands | 1,362,810 | 1,203,520 | 1,107,070 | 1,161,470 | 1,304,590 |
| Total asset turnover | 1.86 | 2.08 | 1.63 | 1.28 | 1.78 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,536,500K ÷ $1,362,810K
= 1.86
The total asset turnover ratio for Wabash National Corp. has fluctuated over the past five years, ranging from 1.28 to 2.08. In 2023, the total asset turnover ratio decreased to 1.86 from 2.08 in 2022. This indicates that for every dollar of total assets held by the company in 2023, it generated $1.86 in revenue.
The downward trend from 2022 to 2023 could suggest a decrease in the company's efficiency in generating sales from its total assets. However, it is important to consider industry norms and benchmarking to assess the company's performance relative to its peers. Overall, a total asset turnover ratio above 1 indicates that the company is effectively utilizing its assets to generate sales. Further analysis of the company's operations and financial performance would be needed to understand the reasons behind the changes in total asset turnover over the years.