Trinity Industries Inc (TRN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,983,300 | 1,977,300 | 1,516,000 | 1,749,700 | 2,752,400 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,983,300K ÷ $—K
= —
The receivables turnover for Trinity Industries, Inc. has fluctuated over the past five years. In 2023, the receivables turnover ratio improved to 8.09 compared to 5.97 in 2022, indicating that the company collected its accounts receivable more efficiently during the year. This could be a positive sign of effective credit management or prompt collection practices.
When compared to 2021, where the receivables turnover ratio was 6.51, the increase in 2023 suggests a further enhancement in the company's ability to convert its accounts receivables into cash. However, in 2020, the ratio was lower at 3.10, indicating a slower collection of receivables during that period.
The most significant change occurred in 2019 when the receivables turnover was high at 10.94, reflecting a particularly efficient collection process compared to recent years. Overall, improving the receivables turnover ratio suggests enhanced liquidity and operational efficiency for Trinity Industries, Inc.
Peer comparison
Dec 31, 2023