Trinity Industries Inc (TRN)
Working capital 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 current assets | US$ in thousands | 1,232,100 | 1,300,300 | 1,383,200 | 1,367,100 | 1,288,100 | 1,346,800 | 1,349,700 | 1,239,000 | 1,255,000 | 1,216,400 | 1,215,900 | 1,054,600 | 968,300 | 1,186,800 | 1,072,700 | 1,244,200 | 1,194,400 | 1,299,900 | 1,405,300 | 1,438,400 |
| Total current liabilities | US$ in thousands | 604,700 | 596,000 | 669,300 | 664,200 | 607,600 | 653,800 | 641,400 | 588,200 | 548,500 | 575,500 | 569,300 | 508,800 | 513,800 | 505,000 | 464,000 | 435,500 | 471,100 | 512,700 | 513,800 | 557,000 |
| Working capital turnover | 4.91 | 4.61 | 4.58 | 4.48 | 4.38 | 4.01 | 3.46 | 3.30 | 2.80 | 2.90 | 2.88 | 3.33 | 3.84 | 2.48 | 2.70 | 2.20 | 2.76 | 3.09 | 3.13 | 3.42 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,079,200K ÷ ($1,232,100K – $604,700K)
= 4.91
Trinity Industries Inc's working capital turnover has exhibited fluctuations over the reported periods. The ratio, which measures how efficiently the company is utilizing its working capital to support revenue generation, was at 3.42 as of March 31, 2020. It then decreased to 2.20 by March 31, 2021, indicating a potential decrease in the efficiency of working capital management.
Subsequently, there was a gradual improvement in the working capital turnover ratio, reaching 4.91 by December 31, 2024. This suggests that Trinity Industries Inc has been able to enhance its operational efficiency in utilizing working capital to support its revenue generation activities. The upward trend in the ratio from 2021 to 2024 indicates a positive development in the company's working capital management effectiveness.
Peer comparison
Dec 31, 2024