Wabash National Corporation (WNC)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	498,187	484,561	453,656	380,663	322,691	270,742	229,782	207,356	196,467	199,315	191,464	170,177	159,754	186,565	221,106	274,435	306,382	303,131	290,558	288,223
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
Gross profit margin		19.64%	18.65%	17.31%	14.78%	12.90%	11.65%	10.68%	10.59%	10.90%	11.53%	11.99%	11.45%	10.78%	11.26%	11.72%	12.63%	13.21%	12.90%	12.51%	12.48%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $498,187K ÷ $2,536,500K
= 19.64%

The gross profit margin of Wabash National Corp. has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profit from its core operations. From Q1 2022 to Q4 2023, the gross profit margin has increased from 10.59% to 19.64%, reflecting a substantial improvement in the company's profitability.

This steady increase in the gross profit margin suggests that Wabash National Corp. has been effectively managing its production costs and maximizing its revenue generation. The company's ability to consistently expand its gross profit margin over multiple quarters is a positive indicator of its operational efficiency and potential for sustained profitability.

Overall, the consistent growth in Wabash National Corp.'s gross profit margin demonstrates the company's success in enhancing its profitability through effective cost control and revenue optimization strategies.