Trinity Industries Inc (TRN)
Number of days of payables
| 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 | ||
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| 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 exhibited a fluctuating trend over the past eight quarters. The number of days of payables has ranged from a low of 45.37 days in Q4 2023 to a high of 78.83 days in Q3 2022.
In the most recent quarter, Q4 2023, the number of days of payables decreased to 45.37 days, indicating that the company took fewer days to pay off its trade payables compared to the previous quarter. This could suggest improved efficiency in managing its payables or negotiating better terms with suppliers.
However, it is important to note that the number of days of payables can be influenced by various factors such as changes in payment terms with suppliers, changes in business operations, or shifts in the industry environment. Therefore, monitoring this trend over multiple quarters and comparing it to industry benchmarks can provide valuable insights into Trinity Industries, Inc.'s liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023