Trinity Industries (Trinity Industries) EBIT : $415 Mil (TTM As of Dec. 2023)

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What is Trinity Industries EBIT?

Trinity Industries's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $148 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $415 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Trinity Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 5.00%. Trinity Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Trinity Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.29%.

Trinity Industries EBIT Historical Data

The historical data trend for Trinity Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trinity Industries EBIT Chart

Trinity Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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395.70

-313.60

246.60

334.10

414.50

Trinity Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															112.40	67.40	97.80	101.10	148.20

Competitive Comparison of Trinity Industries's EBIT

For the Railroads subindustry, Trinity Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Trinity Industries's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Trinity Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Trinity Industries's EV-to-EBIT falls into.

Trinity Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $415 Mil.

Trinity Industries (NYSE:TRN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Trinity Industries's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	449.2 * ( 1 - 8.82% )	/	( (8205.6	+	8193.2)	/ 2 )
=	409.58056	/	8199.4
=	5.00 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8973.4	-	653.8	-	( 114	-	max(0, 653.8	-	1346.8	+	114	))
=	8205.6

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8906.5	-	607.6	-	( 105.7	-	max(0, 607.6	-	1288.1	+	105.7	))
=	8193.2

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Trinity Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	592.8	/	( ( (6991.2 + max(571.1, 0))	+	(7004.8 + max(569.6, 0)) )	/	2 )
=	592.8	/	( ( 7562.3	+	7574.4 )	/	2 )
=	592.8	/	7568.35
=	7.83 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(392.8	+	679.4	+	152.7)	-	(653.8	+	0	+	0)
=	571.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(363.5	+	684.3	+	129.4)	-	(607.6	+	0	+	0)
=	569.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Trinity Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	414.5	/	7839.035
	=	5.29 %

Trinity Industries EBIT Related Terms

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Trinity Industries (Trinity Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Trinity Industries Inc (NYSE:TRN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TTA:Germany TTA:Germany

Address

14221 N. Dallas Parkway, Suite 1100, Dallas, TX, USA, 75254-2957

Website

https://www.trin.net

Trinity Industries Inc. sells and leases railroad products and railcar maintenance services in North America. The company operates under the name TrinityRail in three main segments: railcar leasing and management services, which owns railcars and provides fleet management and administration services; rail products, which builds, sells, and modifies freight and tank railcars and their components; and all other, which sells highway products such as guardrail and other highway barriers. Customers include railroads, leasing companies, and shipping companies in the industries of agriculture, construction, consumer products, energy, and chemicals.

Executives

Eric R Marchetto	other: Officer Trinity Rail	14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Gregory B Mitchell	other: Chief Commercial Officer	14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Scott M Ewing	officer: EVP & Chief Legal Officer	14221 N DALLAS PARKWAY SUITE 1100, DALLAS TX 75254
Jean Savage	director	14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Todd Maclin	director	P.O. BOX 619100, DALLAS TX 75261
Biesterfeld Robert C Jr	director	14701 CHARLSON RD, EDEN PRAIRIE MN 55347
Veena M Lakkundi	director	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Brian D Madison	other: President, TILC	14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Valueact Capital Master Fund, L.p.	director, 10 percent owner, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Jason G. Anderson	director	ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
John L Adams	officer: Executive Vice President	2525 STEMMONS FREEWAY, DALLAS TX 75207
Melendy E Lovett	director	14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
William P Ainsworth	director	510 LAKE COOK ROAD, SUITE 100, DEERFIELD X1 60015
Brandon Boze	director, 10 percent owner, other: See Remarks	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Tyrone Michael Jordan	director	8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253