Trinity Industries Inc (TRN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,781,500 | 1,658,000 | 1,516,000 | 1,403,500 | 1,380,500 | 1,527,100 | 1,749,700 | 2,240,700 | 2,657,500 | 2,953,600 | 3,005,100 | 2,889,400 | 2,682,700 | 2,580,700 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,983,300K ÷ $—K
= —
Trinity Industries, Inc.'s receivables turnover ratio has been fluctuating over the past eight quarters. The ratio ranged from a low of 5.69 in Q2 2023 to a high of 8.16 in Q1 2022. Historically, the company's receivables turnover has shown some volatility but generally demonstrates efficient management of its accounts receivable. A higher receivables turnover ratio indicates that Trinity is collecting its outstanding receivables more quickly, which is a positive signal of the company's liquidity and ability to convert sales into cash. It is important for Trinity to continue to monitor and manage its receivables effectively to maintain healthy cash flows and liquidity levels.
Peer comparison
Dec 31, 2023