Wabash National Corporation (WNC)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -284,071 | -232,659 | 152,836 | 198,206 | 231,252 | 222,332 | 203,173 | 151,397 | 112,258 | 45,483 | 20,321 | 10,021 | 1,164 | 31,971 | 24,850 | 12,452 | -97,412 | -84,531 | -62,958 | -31,852 |
| Total assets | US$ in thousands | 1,411,530 | 1,455,340 | 1,339,310 | 1,378,530 | 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 |
| ROA | -20.13% | -15.99% | 11.41% | 14.38% | 16.97% | 16.00% | 14.67% | 11.56% | 9.33% | 3.58% | 1.57% | 0.79% | 0.11% | 2.73% | 2.11% | 1.02% | -8.39% | -7.07% | -5.51% | -2.60% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-284,071K ÷ $1,411,530K
= -20.13%
The return on assets (ROA) of Wabash National Corporation has exhibited significant fluctuations over the past few quarters. Starting at a negative value of -2.60% in March 2020, the ROA declined further to -5.51% in June 2020 and continued to decrease to -7.07% by September 2020. By the end of December 2020, the ROA worsened to -8.39%. However, a positive trend emerged in the following quarters, with the ROA turning positive at 1.02% in March 2021 and improving to 2.11% by June 2021. The positive momentum continued, reaching 16.97% by December 2023.
Nevertheless, there were subsequent declines in the ROA, dropping to 14.38% in March 2024 and further decreasing to 11.41% by June 2024. The trend took a sharp negative turn in the last two quarters, with the ROA plummeting to -20.13% by the end of December 2024.
Overall, the ROA of Wabash National Corporation has shown a mix of positive and negative trends, reflecting fluctuations in the company's profitability relative to its total assets. Investors and stakeholders may need to closely monitor the company's operational performance and efficiency in utilizing its assets to generate returns.