Trinity Industries Inc (TRN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,037,100 | 1,012,400 | 1,029,800 | 1,738,800 | 2,030,100 |
| ROE | 10.22% | 5.94% | 17.67% | -8.47% | 6.78% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $106,000K ÷ $1,037,100K
= 10.22%
Trinity Industries Inc.'s return on equity (ROE) has varied over the past five years. In 2023, the ROE was 10.22%, representing an increase from the previous year's ROE of 5.94%. This improvement indicates that the company generated a higher level of net income relative to its shareholder equity in 2023 compared to 2022.
Looking further back, in 2021, Trinity Industries Inc. achieved an ROE of 17.67%, reflecting a strong performance in utilizing equity to generate profits. The ROE dipped to -8.47% in 2020, signaling a period where the company experienced a net loss relative to its equity.
However, in 2019, Trinity Industries Inc. recorded an ROE of 6.78%, indicating a moderate profitability level compared to the other years in consideration. Overall, the company has experienced fluctuations in ROE, with a mix of positive and negative performances, suggesting varying levels of efficiency in utilizing shareholder equity to generate profits over the analyzed period.
Peer comparison
Dec 31, 2023