Trinity Industries Inc (TRN)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Trinity Industries, Inc.'s Days Sales Outstanding (DSO) over the past eight quarters, we observe a fluctuating trend in the company's collection efficiency. DSO measures the average number of days it takes for a company to collect revenue after a sale is made.
In Q4 2023, Trinity's DSO decreased to 45.11 days from 52.67 days in Q3 2023. This indicates a positive development as the company was able to collect revenue more efficiently in the most recent quarter. However, compared to the same quarter in the previous year, DSO has slightly increased from 44.72 days in Q1 2022.
Looking at the broader trend, Trinity's DSO has shown some volatility over the past eight quarters, ranging from a low of 44.72 days in Q1 2022 to a high of 65.28 days in Q3 2022. The recent decrease in DSO is a positive sign, suggesting that the company may be improving its accounts receivable management and collecting revenue more quickly.
It is essential for Trinity Industries, Inc. to continue monitoring its DSO and work towards maintaining a lower number of days to collect sales, as a lower DSO indicates improved liquidity and more effective management of working capital.
Peer comparison
Dec 31, 2023