Trinity Industries Inc (TRN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 106,000 | 60,100 | 182,000 | -147,300 | 137,600 |
| Total assets | US$ in thousands | 8,906,500 | 8,724,300 | 8,235,900 | 8,701,800 | 8,701,400 |
| ROA | 1.19% | 0.69% | 2.21% | -1.69% | 1.58% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $106,000K ÷ $8,906,500K
= 1.19%
Trinity Industries, Inc.'s return on assets (ROA) has varied over the past five years. In 2023, the ROA increased to 1.19% from 0.69% in 2022, indicating a positive trend. However, it is still lower than the 2.21% reported in 2021. The negative ROA of -1.69% in 2020 suggests that the company experienced a loss for that period. The ROA then significantly improved to 1.58% in 2019. Overall, Trinity Industries, Inc.'s ROA shows fluctuations, with the company's ability to generate profits from its assets improving in recent years but not yet reaching the levels observed in 2021 and 2019. Further analysis of the company's asset utilization and profitability is recommended to understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023