Trinity Industries Inc (TRN)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,668,900 | 1,796,000 | 1,336,800 | 2,295,700 | 2,654,100 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,668,900K ÷ $—K
= —
Trinity Industries, Inc.'s payables turnover ratio has fluctuated over the past five years. The ratio was 8.05 in 2023, indicating that the company's payables turnover improved compared to the previous year. This suggests that Trinity Industries, Inc. was able to pay off its accounts payable obligations more frequently in 2023.
However, when compared to 2021 and 2022, Trinity Industries, Inc.'s payables turnover was higher in those years at 5.63 and 5.60 respectively. This implies that in those years, the company took longer to pay off its suppliers and vendors.
On the other hand, Trinity Industries, Inc. had a significantly higher payables turnover ratio in 2019 and 2020, recording 11.60 and 9.64 respectively. This indicates that in those years, the company paid off its accounts payable more frequently, possibly negotiating better payment terms with suppliers or managing its working capital more efficiently.
Overall, Trinity Industries, Inc.'s payables turnover ratio has varied over the years, with 2023 showing an improvement in paying off its accounts payable compared to the previous year. This may reflect changes in the company's payment policies, supplier relationships, or working capital management strategies.
Peer comparison
Dec 31, 2023