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GuruFocus has detected 4 Warning Signs with Trinity Industries Inc $TRN.
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Trinity Industries Inc (NYSE:TRN)
Days Payable
21.63 (As of Mar. 2017)

Trinity Industries Inc's payable for the three months ended in Mar. 2017 was USD 156 Mil. Trinity Industries Inc's cost of goods sold for the three months ended in Mar. 2017 was USD 660 Mil. Hence, Trinity Industries Inc's days payable for the three months ended in Mar. 2017 was 21.63.

TRN' s Days Payable Range Over the Past 10 Years
Min: 13.38   Max: 32.51
Current: 17.7

13.38
32.51

During the past 13 years, Trinity Industries Inc's highest Days Payable was 32.51. The lowest was 13.38. And the median was 23.34.

TRN's Days Payable is ranked lower than
81% of the 489 Companies
in the Global Railroads industry.

( Industry Median: 37.49 vs. TRN: 17.70 )

Trinity Industries Inc's days payable declined from Mar. 2016 (22.95) to Mar. 2017 (21.63). It may suggest that Trinity Industries Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Trinity Industries Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=156.1/3456.1*365
=16.49

Trinity Industries Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=156.4/659.7*365 / 4
=21.63

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Trinity Industries Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.0025.7813.3832.5132.1122.5123.7623.3416.9916.49

Trinity Industries Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 21.1422.5720.4624.2317.7322.9522.4823.2716.9321.63
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