Wabash National Corporation (WNC)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 1,304,590 | 1,378,600 | 1,374,830 | 1,408,630 |
| Total asset turnover | 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 | 1.78 | 1.70 | 1.69 | 1.64 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,536,500K ÷ $1,362,810K
= 1.86
The total asset turnover of Wabash National Corp. has shown some fluctuations over the past eight quarters. The ratio indicates how efficiently the company is utilizing its total assets to generate revenue.
The trend of the total asset turnover ratio reveals that there was a peak in Q4 2022 at 2.08, which suggests that the company was exceptionally effective in generating revenue from its assets during that period. However, in subsequent quarters, the ratio started to decline gradually.
Although there were fluctuations in the ratio, it has generally remained above 1, indicating that Wabash National Corp. has been able to effectively use its assets to generate sales revenue. The decrease in the total asset turnover ratio in the latter quarters may be a result of various factors, such as changes in the company's operational efficiency, changes in sales volume, or changes in the asset base.
Overall, the total asset turnover ratio analysis suggests that Wabash National Corp. has been able to effectively generate revenue relative to its total asset base. However, monitoring the trend of this ratio over time is crucial to assess the company's efficiency in asset utilization and revenue generation.