Wabash National Corporation (WNC)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,946,740 | 2,126,026 | 2,294,814 | 2,430,824 | 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 |
| Total assets | US$ in thousands | 1,411,530 | 1,455,340 | 1,339,310 | 1,378,530 | 1,362,810 | 1,389,340 | 1,385,040 | 1,309,150 | 1,203,520 | 1,269,320 | 1,290,300 | 1,266,860 | 1,107,070 | 1,171,340 | 1,180,500 | 1,226,350 | 1,161,470 | 1,196,080 | 1,142,260 | 1,225,410 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,946,740K ÷ $1,411,530K
= 1.38
The total asset turnover ratio for Wabash National Corporation has exhibited fluctuations over the past few years, ranging from 1.21 to 2.08. This ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more efficiently to generate revenue.
From March 31, 2023, to December 31, 2024, there was a decreasing trend in the total asset turnover ratio, with a peak of 2.08 in December 31, 2022, followed by a decline to 1.38 in December 31, 2024. This may indicate a decrease in sales compared to the level of total assets during this period.
Overall, the total asset turnover ratio for Wabash National Corporation has shown volatility, reflecting fluctuations in the company's ability to efficiently utilize its assets to generate revenue. Further analysis of the company's operating and financial performance alongside industry benchmarks can provide more insights into the effectiveness of the company in asset utilization.