Trinity Industries Inc (TRN)
Total asset 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 |
| Total assets | US$ in thousands | 8,906,500 | 8,973,400 | 9,022,000 | 8,839,200 | 8,724,300 | 8,599,100 | 8,624,800 | 8,291,200 | 8,235,900 | 8,495,600 | 8,617,000 | 8,775,500 | 8,701,800 | 8,723,200 | 8,665,400 | 9,002,900 | 8,701,400 | 8,643,100 | 8,575,900 | 8,413,900 |
| Total asset turnover | 0.33 | 0.31 | 0.27 | 0.24 | 0.23 | 0.22 | 0.21 | 0.20 | 0.18 | 0.17 | 0.16 | 0.17 | 0.20 | 0.26 | 0.31 | 0.33 | 0.35 | 0.33 | 0.31 | 0.31 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,983,300K ÷ $8,906,500K
= 0.33
Trinity Industries, Inc.'s total asset turnover has shown fluctuations over the past eight quarters. Total asset turnover measures the efficiency of a company in generating sales revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate revenue.
In Q1 2022, the total asset turnover was 0.19, which remained consistent in Q2 2022 and Q3 2022. There was a slight increase in Q4 2022 to 0.23. The trend continued in 2023, with total asset turnover improving to 0.24 in Q1, 0.27 in Q2, 0.31 in Q3, and reaching 0.33 in Q4.
The rising trend in total asset turnover reflects an improvement in Trinity Industries' ability to generate sales from its assets. This indicates that the company is effectively using its assets to drive revenue growth. However, it is important to continue monitoring this ratio to ensure sustained efficiency in asset utilization and revenue generation.
Peer comparison
Dec 31, 2023