Trinity Industries Inc (TRN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.90 | 2.85 | 3.09 | 8.05 | 6.12 | |
| DOH | days | 93.59 | 127.91 | 118.20 | 45.34 | 59.60 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.90
= 93.59
The days of inventory on hand (DOH) for Trinity Industries, Inc. have fluctuated over the past five years. In 2023, the DOH decreased to 101.69 days from 142.73 days in 2022, indicating an improvement in managing inventory levels. This reduction suggests that Trinity Industries may have been more efficient in converting inventory into sales during the most recent year.
Comparing to 2021, the DOH was slightly lower in 2023, indicating a relatively better management of inventory levels despite the increase from the prior year. In 2020, there was a significant decrease in DOH compared to 2021, which could indicate a more aggressive selling approach or better inventory control during that period.
In 2019, the DOH was at 66.87 days, the lowest among the five years analyzed, implying a higher efficiency in inventory management and turnover. Overall, the trend in Trinity Industries' DOH shows some variability year-over-year, but the latest data point in 2023 reflects a positive shift towards potentially more effective inventory management practices.
Peer comparison
Dec 31, 2023