Trinity Industries Inc (TRN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) for Trinity Industries, Inc. have fluctuated over the past five years, indicating variations in the company's ability to collect accounts receivable efficiently.
In 2019, Trinity Industries had the lowest DSO of 33.38 days, suggesting a strong collection process and efficient management of accounts receivable. However, there was a significant increase in 2020, with the DSO spiking to 117.71 days, indicating potential challenges in collecting outstanding payments from customers.
The company made improvements in 2021, as the DSO decreased to 56.10 days, showing enhanced efficiency in accounts receivable management. In 2022, there was a slight increase in DSO to 61.16 days, possibly indicating a slower collection process compared to the previous year.
Finally, in 2023, Trinity Industries managed to further reduce its DSO to 45.11 days, indicating a positive trend towards faster collection of accounts receivable. Overall, Trinity Industries should continue to monitor its DSO closely to ensure timely collection of payments and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023