Trinity Industries Inc (TRN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Trinity Industries, Inc.'s number of days of payables has shown fluctuations over the past five years. The trend indicates that the company took 45.37 days to settle its payables at the end of 2023, which is a decrease from the previous year. In 2022 and 2021, the number of days of payables was relatively high at 65.19 days and 64.86 days, respectively. This suggests that Trinity Industries took a longer time to pay off its obligations during those years.
On the other hand, the company improved its payment efficiency in 2020 and 2019, with 37.85 days and 31.46 days of payables, respectively. This implies that Trinity Industries managed its payables more effectively in those years by settling its obligations in a shorter time frame. Overall, fluctuations in the number of days of payables demonstrate changes in Trinity Industries' payment policies and liquidity management strategies over the past five years.
Peer comparison
Dec 31, 2023