Trinity Industries (Trinity Industries) Days Payable

: 45.20 (As of Dec. 2023)

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Trinity Industries's average Accounts Payable for the three months ended in Dec. 2023 was $316 Mil. Trinity Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $637 Mil. Hence, Trinity Industries's Days Payable for the three months ended in Dec. 2023 was 45.20.

The historical rank and industry rank for Trinity Industries's Days Payable or its related term are showing as below:

TRN' s Days Payable Range Over the Past 10 Years
Min: 20.08 Med: 33.03 Max: 56
Current: 46.48

During the past 13 years, Trinity Industries's highest Days Payable was 56.00. The lowest was 20.08. And the median was 33.03.

TRN's Days Payable is ranked better than
58.46% of 934 companies
in the Transportation industry
Industry Median: 39.565 vs TRN: 46.48

Trinity Industries's Days Payable declined from Dec. 2022 (53.43) to Dec. 2023 (45.20). It may suggest that Trinity Industries accelerated paying its suppliers.

Trinity Industries Days Payable Historical Data

The historical data trend for Trinity Industries's Days Payable 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

34.85

48.12

55.39

56.00

44.05

Trinity Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																53.43	51.01	48.97	44.09	45.20

Competitive Comparison

For the Railroads subindustry, Trinity Industries's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Transportation industry and Industrials sector, Trinity Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Trinity Industries's Days Payable falls into.

Trinity Industries Days Payable Calculation

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

Trinity Industries's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (287.5	+	305.3)	/	2 )	/	2456.2	*	365
=	296.4					/	2456.2	*	365
=	44.05

Trinity Industries's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (325.8	+	305.3)	/	2 )	/	637	*	365 / 4
=	315.55					/	637	*	365 / 4
=	45.20

Trinity Industries Days Payable 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 » Days Payable

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