Trinity Industries Inc (TRN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,000 | 74,500 | 78,500 | 65,200 | 60,100 | 162,800 | 169,000 | 178,000 | 182,000 | -79,200 | -86,100 | -305,700 | -147,300 | 1,500 | 25,400 | 268,700 | 137,600 | 143,300 | 122,000 | 149,700 |
| 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 |
| ROA | 1.19% | 0.83% | 0.87% | 0.74% | 0.69% | 1.89% | 1.96% | 2.15% | 2.21% | -0.93% | -1.00% | -3.48% | -1.69% | 0.02% | 0.29% | 2.98% | 1.58% | 1.66% | 1.42% | 1.78% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $106,000K ÷ $8,906,500K
= 1.19%
Trinity Industries, Inc.'s return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA stood at 1.19%, which was higher than the previous quarter but lower than the levels observed in the corresponding quarters of 2022. The company's ROA peaked at 2.15% in Q1 2022 but has since experienced a downward trend. The recent ROA figures indicate that Trinity Industries is generating a lower return on its assets compared to the earlier periods, which may suggest a potential decrease in efficiency in asset utilization or profitability. Monitoring how the company manages its assets going forward will be crucial to maintaining or improving its financial performance.
Peer comparison
Dec 31, 2023