Wabash National Corporation (WNC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 89,575 | 82,784 | 61,988 | 62,930 |
| 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 |
| ROA | 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% | 6.87% | 6.00% | 4.51% | 4.47% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $231,252K ÷ $1,362,810K
= 16.97%
The return on assets (ROA) of Wabash National Corp. has shown a positive trend over the past eight quarters. The ROA has been consistently increasing from 0.79% in Q1 2022 to 16.97% in Q4 2023. This indicates that the company has been generating higher profits relative to its total assets over time.
The significant improvement in ROA reflects better efficiency in asset utilization and overall profitability of the company. It suggests that Wabash National Corp. is effectively managing its assets to generate more earnings.
Investors and stakeholders may view this increasing trend in ROA positively, as it indicates that the company is becoming more profitable and efficient in utilizing its assets to drive earnings growth. However, it is essential to monitor this trend in conjunction with other financial indicators to get a comprehensive understanding of the company's financial performance and sustainability.