Trinity Industries Inc (TRN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,668,900 | 2,508,200 | 2,222,900 | 1,940,800 | 1,796,000 | 1,674,100 | 1,683,700 | 1,628,300 | 1,535,200 | 1,448,600 | 1,386,100 | 1,893,000 | 2,096,100 | 2,527,400 | 2,848,200 | 2,673,400 | 2,643,200 | 2,545,000 | 2,696,900 | 2,877,100 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,668,900K ÷ $—K
= —
The payables turnover ratio for Trinity Industries, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the payables turnover ratio reached 8.05, indicating that the company paid off its accounts payable obligations approximately 8.05 times during the quarter. This represents an improvement compared to the previous quarter where the ratio was 7.09.
The trend over the past year shows an overall increasing pattern, with some fluctuations. The payables turnover ratio has been gradually increasing from Q1 2022 (5.32) to Q4 2023 (8.05), suggesting that the company is managing its accounts payable more efficiently.
A higher payables turnover ratio indicates that Trinity Industries, Inc. is paying off its suppliers more quickly, which could be a positive sign of financial health and strong supplier relationships. It may also suggest effective working capital management and a potential reduction in financial risk.
Overall, the increasing trend in the payables turnover ratio for Trinity Industries, Inc. indicates improving efficiency in managing accounts payable over the past year. However, it is important to consider other factors such as industry standards, company-specific circumstances, and overall financial health when interpreting this ratio in isolation.
Peer comparison
Dec 31, 2023