Trinity Industries Inc (TRN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,079,200 | 2,983,300 | 1,977,300 | 1,516,000 | 1,999,400 |
| Total assets | US$ in thousands | 8,832,200 | 8,906,500 | 8,724,300 | 8,235,900 | 8,701,800 |
| Total asset turnover | 0.35 | 0.33 | 0.23 | 0.18 | 0.23 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,079,200K ÷ $8,832,200K
= 0.35
Total asset turnover is a measure of how efficiently a company utilizes its assets to generate revenue. Looking at the data provided for Trinity Industries Inc, there has been a fluctuation in the total asset turnover ratio over the years.
In 2020, the total asset turnover was 0.23, indicating that for every dollar invested in assets, the company generated $0.23 in revenue. The ratio decreased to 0.18 in 2021, which suggests that the company's asset utilization efficiency declined during that period.
However, there was an improvement in 2022 as the ratio increased back to 0.23, showing a better utilization of assets compared to the previous year. Subsequently, in 2023, the total asset turnover ratio significantly increased to 0.33, indicating an improvement in the company's ability to generate revenue from its assets.
Lastly, in 2024, the total asset turnover ratio further increased to 0.35, signifying an even more efficient use of assets to generate revenue compared to the previous year. Overall, the trend in total asset turnover for Trinity Industries Inc shows fluctuations but with an overall improvement in asset utilization efficiency in recent years.
Peer comparison
Dec 31, 2024