Wabash National Corporation (WNC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 498,187 | 322,691 | 196,467 | 159,754 | 306,382 |
| Revenue | US$ in thousands | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 | 2,319,140 |
| Gross profit margin | 19.64% | 12.90% | 10.90% | 10.78% | 13.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $498,187K ÷ $2,536,500K
= 19.64%
The gross profit margin of Wabash National Corp. has exhibited fluctuations over the past five years. There has been a noticeable increase in the gross profit margin from 10.78% in 2020 to 19.64% in 2023, indicating that the company has been able to improve its efficiency in generating profits from its production or sales activities. This upward trend suggests effective cost management and possibly higher selling prices relative to the cost of goods sold.
In 2021 and 2022, the gross profit margin continued to improve, reaching 10.90% and 12.90%, respectively. Although the margins were lower compared to 2023, the consistent upward trajectory indicates a positive trend in the company's profitability and operational performance during these years.
The gross profit margin dipped in 2019 to 13.21%, before gradually increasing over the subsequent years. This fluctuation could be attributed to various factors such as changes in pricing strategies, cost structures, or product mix.
Overall, the trend in Wabash National Corp.'s gross profit margin reflects improving profitability and operational efficiency over the analyzed period, with a significant leap observed in 2023. It would be essential for stakeholders to monitor the company's ability to sustain or further enhance its gross profit margins in the future to ensure continued financial health and growth.