Trinity Industries Inc (TRN)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,079,200 | 3,247,700 | 3,270,200 | 3,151,200 | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,865,200 | 1,819,900 | 1,746,000 | 1,689,400 | 1,645,300 | 1,783,000 | 1,999,400 | 2,434,500 | 2,788,700 | 3,015,500 |
| Total assets | US$ in thousands | 8,832,200 | 8,842,900 | 8,957,800 | 9,079,800 | 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 |
| Total asset turnover | 0.35 | 0.37 | 0.37 | 0.35 | 0.33 | 0.31 | 0.27 | 0.24 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.20 | 0.19 | 0.20 | 0.23 | 0.28 | 0.32 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,079,200K ÷ $8,832,200K
= 0.35
Trinity Industries Inc's total asset turnover ratio has shown fluctuating trends over the period under analysis. The ratio declined from 0.33 in March 2020 to 0.20 in March 2021, indicating a decrease in the company's efficiency in generating sales revenue from its total assets. However, the ratio gradually improved thereafter, reaching 0.35 by December 2024. This suggests that Trinity Industries Inc became more effective in utilizing its assets to generate revenue in the latter part of the period. Overall, the company's total asset turnover ratio demonstrated variability but showed signs of improvement towards the end of the period.
Peer comparison
Dec 31, 2024