What is Trinity Industries Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Trinity Industries's annualized net income for the quarter that ended in Mar. 2024 was $95 Mil. Trinity Industries's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $822 Mil. Therefore, Trinity Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 11.54%.
The historical rank and industry rank for Trinity Industries's Return-on-Tangible-Equity or its related term are showing as below:
TRN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.63 Med: 12.16 Max: 31.21
Current: 15.8
During the past 13 years, Trinity Industries's highest Return-on-Tangible-Equity was 31.21%. The lowest was -8.63%. And the median was 12.16%.
TRN's Return-on-Tangible-Equity is ranked better than 66.1% of 935
companies
in the Transportation industry
Industry Median: 9.73
vs TRN: 15.80
Trinity Industries Return-on-Tangible-Equity Historical Data
The historical data trend for Trinity Industries's Return-on-Tangible-Equity 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.
Competitive Comparison of Trinity Industries's Return-on-Tangible-Equity
For the Railroads subindustry, Trinity Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Trinity Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Trinity Industries's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Trinity Industries Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Trinity Industries's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Trinity Industries (Trinity Industries) Business Description
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.
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