Wabash National Corporation (WNC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 188,830 | 200,520 | 550,425 | 546,086 | 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 |
| ROE | -150.44% | -116.03% | 27.77% | 36.30% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-284,071K ÷ $188,830K
= -150.44%
The return on equity (ROE) of Wabash National Corporation has displayed significant fluctuations over the reported periods. Starting from negative ROE figures in the first half of 2020, the company gradually improved its ROE to around 12.63% in September 2022. Subsequently, a notable surge was seen with ROE reaching 42.86% by September 2023.
During the latter part of 2023 and into the first half of 2024, Wabash National Corporation maintained a relatively high ROE, fluctuating between 27.77% and 42.08%. However, a sharp decline was observed in the later half of 2024, with negative ROE figures reported for September and December.
The drastic drop in ROE to -150.44% by December 31, 2024, raises concerns about the company's financial performance and efficiency in generating profits relative to shareholders' equity. Further analysis beyond the data provided may be necessary to understand the underlying factors contributing to such a drastic downturn in ROE.