Trinity Industries Inc (TRN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,411,000 | 2,456,200 | 1,609,600 | 1,161,500 | 1,508,400 |
| Inventory | US$ in thousands | 476,200 | 684,300 | 629,400 | 432,900 | 321,200 |
| Inventory turnover | 5.06 | 3.59 | 2.56 | 2.68 | 4.70 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,411,000K ÷ $476,200K
= 5.06
The inventory turnover for Trinity Industries Inc has shown some fluctuations over the past five years. It was 4.70 times in December 31, 2020, indicating that the company effectively turned over its inventory nearly five times during that period. However, there was a decline in inventory turnover to 2.68 times by December 31, 2021, and further decreased to 2.56 times by December 31, 2022, suggesting a slower rate of inventory turnover.
By December 31, 2023, the inventory turnover improved to 3.59 times, indicating a better efficiency in managing and selling its inventory. The most recent data point available, as of December 31, 2024, reflects a significant improvement in inventory turnover to 5.06 times, signaling that Trinity Industries Inc has managed to more efficiently turn over its inventory during that period.
Overall, while there have been fluctuations in Trinity Industries Inc's inventory turnover over the years, the latest data point shows a positive trend towards a more efficient inventory management system. Investors and stakeholders may view this improvement positively as it indicates better control over inventory levels and the potential for increased liquidity and profitability.
Peer comparison
Dec 31, 2024