Wabash National Corporation (WNC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 311,949 | 308,571 | 283,809 | 216,407 | 166,642 | 90,298 | 55,686 | 42,462 | 33,542 | 62,203 | 52,348 | 35,663 | -85,608 | -63,868 | -34,007 | 7,532 | 142,786 | 133,783 | 112,027 | 110,530 |
| 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 |
| Operating ROA | 22.89% | 22.21% | 20.49% | 16.53% | 13.85% | 7.11% | 4.32% | 3.35% | 3.03% | 5.31% | 4.43% | 2.91% | -7.37% | -5.34% | -2.98% | 0.61% | 10.94% | 9.70% | 8.15% | 7.85% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $311,949K ÷ $1,362,810K
= 22.89%
The operating return on assets (operating ROA) for Wabash National Corp. has shown a consistent improvement over the past eight quarters. The trend indicates a positive performance in utilizing its assets to generate operating income.
In Q1 2022, the operating ROA stood at 5.51% and steadily increased to 22.85% by Q4 2023. This significant growth suggests that the company has been able to enhance its operational efficiency and profitability over time.
The rising trend in operating ROA signifies that Wabash National Corp. has been able to effectively manage its assets to generate higher operating profits. This could be attributed to improved cost management, increased revenue generation, or a combination of both.
Overall, the upward trajectory of the operating ROA reflects positively on Wabash National Corp.'s operational performance and financial health, indicating that the company is efficiently utilizing its assets to drive profitability.