Wabash National Corporation (WNC)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	549,496	518,687	481,024	424,443	397,613	360,102	338,171	342,253	325,539	386,194	399,980	402,302	404,879	397,365	393,217	393,969	520,988	515,058	501,565	483,606
ROE		42.08%	42.86%	42.24%	35.67%	28.23%	12.63%	6.01%	2.93%	0.36%	8.28%	6.21%	3.10%	-24.06%	-21.27%	-16.01%	-8.08%	17.19%	16.07%	12.36%	13.01%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $231,252K ÷ $549,496K
= 42.08%

Over the past eight quarters, Wabash National Corp.'s Return on Equity (ROE) has shown a consistent growth trend, with Q3 and Q4 of 2023 returning the highest ROE percentages of 42.79% and 42.08%, respectively. This indicates that the company effectively generated profit from its shareholder equity during these periods. Comparing to the prior year, Q1 and Q2 of 2022 had significantly lower ROE figures of 2.93% and 6.06%, respectively, showing a considerable improvement over time.

Overall, Wabash National Corp.'s ROE has been on an upward trajectory, suggesting that the company has been efficiently utilizing its equity to generate profits for its shareholders. The consistent increase in ROE reflects positively on the company's financial performance and management's ability to generate returns on the shareholders' investment. This trend may indicate that the company is making strategic decisions to improve profitability and efficiency in its operations.