Trinity Industries Inc (TRN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 417,000 | 381,800 | 374,300 | 348,200 | 334,000 | 289,700 | 275,300 | 260,100 | 256,800 | 218,000 | 203,700 | -170,400 | -154,600 | -87,800 | -31,500 | 391,800 | 416,300 | 408,900 | 363,800 | 344,800 |
| 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 |
| Operating ROA | 4.68% | 4.25% | 4.15% | 3.94% | 3.83% | 3.37% | 3.19% | 3.14% | 3.12% | 2.57% | 2.36% | -1.94% | -1.78% | -1.01% | -0.36% | 4.35% | 4.78% | 4.73% | 4.24% | 4.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $417,000K ÷ $8,906,500K
= 4.68%
Trinity Industries, Inc.'s operating return on assets (operating ROA) has shown a consistent positive trend over the past eight quarters, with a gradual increase from 1.71% in Q2 2022 to 3.65% in Q4 2023. This indicates that the company has been effectively generating operating income relative to its total assets.
The steady improvement in operating ROA suggests improved efficiency in utilizing its assets to generate profits. This may be attributed to various factors such as effective cost control measures, operational efficiencies, or revenue growth strategies implemented by the company.
Overall, Trinity Industries, Inc.'s increasing operating ROA reflects positively on its operational performance and indicates that the company has been able to generate higher returns from its asset base over time.
Peer comparison
Dec 31, 2023