Wabash National Corporation (WNC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -284,071 | 231,252 | 112,258 | 1,164 | -97,412 |
| Total assets | US$ in thousands | 1,411,530 | 1,362,810 | 1,203,520 | 1,107,070 | 1,161,470 |
| ROA | -20.13% | 16.97% | 9.33% | 0.11% | -8.39% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-284,071K ÷ $1,411,530K
= -20.13%
Based on the provided data, Wabash National Corporation's return on assets (ROA) has exhibited significant fluctuations over the past five years.
- As of December 31, 2020, the ROA was negative at -8.39%, indicating that the company had a negative return relative to its total assets during that period.
- By December 31, 2021, the ROA improved slightly to 0.11%, suggesting a marginal positive return on assets.
- The ROA experienced a substantial increase by December 31, 2022, reaching 9.33%, signifying a significant improvement in the company's efficiency in generating profit from its assets.
- The trend continued to be positive as of December 31, 2023, with the ROA further increasing to 16.97%, indicating a strong performance in utilizing assets to generate profit.
- However, by December 31, 2024, the ROA showed a sharp decline to -20.13%, signaling a significant decrease in the company's ability to generate profit compared to its asset base.
Overall, the analysis of Wabash National Corporation's return on assets demonstrates a volatile performance trajectory, with a mixture of positive and negative returns over the five-year period. It is important for the company to closely monitor and manage its asset efficiency to sustain profitability and financial stability in the long term.