Trinity Industries Inc (TRN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,079,200 | 2,983,300 | 1,977,300 | 1,516,000 | 1,999,400 |
| Property, plant and equipment | US$ in thousands | — | — | 6,886,800 | 6,846,900 | 7,003,400 |
| Fixed asset turnover | — | — | 0.29 | 0.22 | 0.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,079,200K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investments in fixed assets. Looking at Trinity Industries Inc's fixed asset turnover over the past few years, we can observe fluctuations in the efficiency of utilizing its fixed assets.
As of December 31, 2020, the fixed asset turnover ratio stood at 0.29, indicating that the company generated $0.29 in revenue for every dollar invested in fixed assets. In the following year, by December 31, 2021, the ratio decreased to 0.22, suggesting a decline in the company's ability to generate revenue from its fixed assets.
Moving forward to December 31, 2022, the fixed asset turnover ratio improved to 0.29, possibly reflecting better utilization of fixed assets compared to the previous year. However, for the years 2023 and 2024, the data is not available (indicated by "—"), making it challenging to assess the trend in Trinity Industries Inc's fixed asset turnover for those periods.
Overall, fluctuations in the fixed asset turnover ratio for Trinity Industries Inc indicate varying levels of efficiency in generating revenue from its investments in fixed assets, highlighting the importance of effectively managing and utilizing these assets to drive financial performance.
Peer comparison
Dec 31, 2024