Wabash National Corporation (WNC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 231,252 | 112,258 | 1,164 | -97,412 | 89,575 |
| Total assets | US$ in thousands | 1,362,810 | 1,203,520 | 1,107,070 | 1,161,470 | 1,304,590 |
| ROA | 16.97% | 9.33% | 0.11% | -8.39% | 6.87% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $231,252K ÷ $1,362,810K
= 16.97%
Wabash National Corp.'s return on assets (ROA) has displayed variability over the past five years. ROA stood at -8.39% in 2020, reflecting a significant decline from the previous year. However, the company managed to turn this around in the following years, with ROA improving to 0.11% in 2021, 9.33% in 2022, and further escalating to 16.97% in 2023. These positive trends suggest that Wabash National Corp. has been effectively utilizing its assets to generate profits and create value for its shareholders. Overall, the increasing trend in ROA signifies improved efficiency in asset utilization and overall performance of the company.