Wabash National Corporation (WNC)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 19.64% | 12.90% | 10.90% | 10.78% | 13.21% |
| Operating profit margin | 12.30% | 6.66% | 1.86% | -5.78% | 6.16% |
| Pretax margin | 11.59% | 5.83% | 0.07% | -7.37% | 5.08% |
| Net profit margin | 9.12% | 4.49% | 0.06% | -6.57% | 3.86% |
The profitability ratios of Wabash National Corp. have shown a positive trend over the last five years. The gross profit margin has steadily improved from 13.21% in 2019 to 19.64% in 2023, indicating effective cost management and pricing strategies.
Similarly, the operating profit margin has also increased consistently, reaching 12.28% in 2023 from 6.16% in 2019, reflecting enhanced operational efficiency and control over expenses. The company has managed to generate more profit at the operating level for each dollar of sales.
The pretax margin has shown significant improvement, shifting from a negative -7.37% in 2020 to a positive 11.62% in 2023. This indicates that Wabash National Corp. has been able to enhance profitability before accounting for taxes through improved cost controls and revenue management.
Moreover, the net profit margin has exhibited a similar positive trajectory, reaching 9.12% in 2023 from 3.86% in 2019. This suggests that the company's bottom-line profitability has strengthened over the years, reflecting better overall financial health and performance.
In summary, Wabash National Corp. has shown consistent improvement in its profitability ratios over the past five years, indicating effective cost management, operational efficiency, and overall financial performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 22.89% | 13.85% | 3.03% | -7.37% | 10.94% |
| Return on assets (ROA) | 16.97% | 9.33% | 0.11% | -8.39% | 6.87% |
| Return on total capital | 33.19% | 20.98% | 3.24% | -9.97% | 14.86% |
| Return on equity (ROE) | 42.08% | 28.23% | 0.36% | -24.06% | 17.19% |
Wabash National Corp.'s profitability ratios show a positive trend over the last five years, indicating improving financial performance. The Operating Return on Assets (Operating ROA) has consistently increased from 10.94% in 2019 to 22.85% in 2023, reflecting the company's ability to generate operating income relative to its total assets.
The Return on Assets (ROA) also displays a positive trend, with significant improvements from -8.39% in 2020 to 16.97% in 2023. This indicates that the company is becoming more efficient in generating profits from its assets.
The Return on Total Capital has also shown a steady increase, reaching 32.92% in 2023 from 14.61% in 2019. This demonstrates that the company is effectively utilizing its total capital to generate returns for shareholders.
Moreover, the Return on Equity (ROE) has exhibited a remarkable improvement, showing a positive turnaround from -24.06% in 2020 to 42.08% in 2023. This indicates that the company is delivering substantial returns to its shareholders relative to their equity investments.
Overall, Wabash National Corp.'s profitability ratios suggest that the company has been successful in enhancing its operational efficiency and generating increasing returns for both its investors and stakeholders.