Wabash National Corporation (WNC)
Working capital 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 current assets | US$ in thousands | 594,488 | 681,353 | 592,619 | 529,705 | 545,764 |
| Total current liabilities | US$ in thousands | 308,409 | 352,209 | 347,468 | 289,325 | 235,753 |
| Working capital turnover | 6.80 | 7.71 | 10.21 | 7.50 | 4.78 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,946,740K ÷ ($594,488K – $308,409K)
= 6.80
To analyze Wabash National Corporation's working capital turnover, we can see an increasing trend over the years from 2020 to 2022, with the ratio rising from 4.78 to 10.21. This indicates that the company is efficiently using its working capital to generate sales revenue.
However, in 2023 and 2024, there is a slight decrease in the working capital turnover to 7.71 and 6.80, respectively. While these figures are lower than the peak in 2022, they still reflect a relatively efficient management of working capital.
Overall, Wabash National Corporation appears to be effectively utilizing its working capital resources to support its operations and generate sales, despite slight fluctuations in the ratio in the later years.