Trinity Industries Inc (TRN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,037,100 | 1,000,800 | 994,600 | 994,200 | 1,012,400 | 1,005,900 | 997,600 | 1,032,000 | 1,029,800 | 1,331,000 | 1,389,900 | 1,692,400 | 1,738,800 | 1,817,300 | 1,891,300 | 2,116,400 | 2,030,100 | 2,110,600 | 2,178,800 | 2,214,500 |
| ROE | 10.22% | 7.44% | 7.89% | 6.56% | 5.94% | 16.18% | 16.94% | 17.25% | 17.67% | -5.95% | -6.19% | -18.06% | -8.47% | 0.08% | 1.34% | 12.70% | 6.78% | 6.79% | 5.60% | 6.76% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $106,000K ÷ $1,037,100K
= 10.22%
Trinity Industries, Inc.'s return on equity (ROE) has shown fluctuations over the past eight quarters. ROE ranged from 5.94% to 17.25% during this period. The highest ROE was observed in Q2 and Q3 of 2022 at 16.94% and 17.25%, respectively. However, there was a decline in ROE in the subsequent quarters, with the lowest ROE recorded in Q1 2023 at 6.56%.
These variations in ROE indicate changes in the company's profitability and efficiency in generating returns for its shareholders. It is essential to further investigate the factors contributing to these fluctuations to understand the company's financial performance and sustainability in the future.
Peer comparison
Dec 31, 2023