Trinity Industries Inc (TRN)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.07 | 4.70 | 4.26 | 3.99 | 3.59 | 3.40 | 3.25 | 2.77 | 2.56 | 2.18 | 2.38 | 2.82 | 3.07 | 3.10 | 3.24 | 4.12 | 4.70 | 5.06 | 5.23 | 5.39 | |
| DOH | days | 71.95 | 77.74 | 85.67 | 91.55 | 101.69 | 107.38 | 112.14 | 131.99 | 142.73 | 167.60 | 153.62 | 129.58 | 118.84 | 117.90 | 112.61 | 88.57 | 77.72 | 72.14 | 69.85 | 67.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.07
= 71.95
The days of inventory on hand (DOH) for Trinity Industries Inc has shown fluctuations over the past few years. From March 31, 2020, to September 30, 2021, the DOH steadily increased from 67.66 days to 117.90 days, indicating that the company was holding inventory for a longer period. This could suggest potential issues with inventory management or slowing sales.
However, starting from December 31, 2021, the trend reversed, and the DOH began to decrease significantly, reaching a low of 71.95 days by December 31, 2024. This downward trend in DOH may indicate improved inventory management practices, more efficient operations, or better demand forecasting.
The sudden decrease in DOH from June 30, 2022, to December 31, 2022, followed by a gradual increase until December 31, 2023, suggests that Trinity Industries Inc may have adjusted its inventory levels to align with changing market conditions during this period.
Overall, monitoring the DOH trend can provide insights into Trinity Industries Inc's inventory management efficiency, operational performance, and ability to adapt to market dynamics.
Peer comparison
Dec 31, 2024