Trinity Industries Inc (TRN)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,079,200 | 3,247,700 | 3,270,200 | 3,151,200 | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,865,200 | 1,819,900 | 1,746,000 | 1,689,400 | 1,645,300 | 1,783,000 | 1,999,400 | 2,434,500 | 2,788,700 | 3,015,500 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,991,200 | 7,029,200 | 6,976,500 | 6,886,800 | 6,893,800 | 6,944,100 | 6,803,600 | 6,846,900 | 6,800,100 | 486,000 | 7,026,800 | 7,003,400 | 6,937,900 | 6,784,400 | 7,118,700 |
| Fixed asset turnover | — | — | — | — | — | 0.40 | 0.35 | 0.31 | 0.29 | 0.27 | 0.27 | 0.27 | 0.26 | 0.25 | 3.39 | 0.25 | 0.29 | 0.35 | 0.41 | 0.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,079,200K ÷ $—K
= —
The fixed asset turnover ratio measures the efficiency with which Trinity Industries Inc generates revenue from its fixed assets. A higher ratio indicates better asset utilization.
From March 31, 2020, to June 30, 2021, Trinity Industries Inc experienced a significant improvement in fixed asset turnover, with a noticeable spike in June 2021 (3.39). This could signal better asset management or increased sales relative to fixed asset investment during that period.
However, the ratio declined again in the subsequent quarters, stabilizing around 0.27 from March 31, 2022, to June 30, 2023. This could indicate a plateau in asset efficiency or a decrease in sales compared to the level of fixed assets in use.
The fixed asset turnover ratio of 0.40 on September 30, 2023, showed a slight improvement, suggesting some potential for better asset utilization. The absence of data for the following periods may indicate that the company did not disclose financial information for those quarters.
Overall, it is crucial for Trinity Industries Inc to consistently monitor and improve its fixed asset turnover to ensure optimal utilization of fixed assets and continued efficiency in generating revenue.
Peer comparison
Dec 31, 2024