Trinity Industries (FRA:TTA) Days Payable : 43.17 (As of Sep. 2024)

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What is Trinity Industries Days Payable?

Trinity Industries's average Accounts Payable for the three months ended in Sep. 2024 was €268 Mil. Trinity Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was €567 Mil. Hence, Trinity Industries's Days Payable for the three months ended in Sep. 2024 was 43.17.

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

FRA:TTA' s Days Payable Range Over the Past 10 Years
Min: 20.08 Med: 33.03 Max: 56
Current: 44.04

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.

FRA:TTA's Days Payable is ranked better than
58.69% of 932 companies
in the Transportation industry
Industry Median: 37.29 vs FRA:TTA: 44.04

Trinity Industries's Days Payable declined from Sep. 2023 (43.76) to Sep. 2024 (43.17). 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.

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Trinity Industries Days Payable Chart

Trinity Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.44

50.78

53.75

54.54

44.68

Trinity Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															43.76	45.71	45.29	44.64	43.17

Competitive Comparison of Trinity Industries's Days Payable

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's Days Payable Distribution in the Transportation Industry

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
=	( (271.4	+	279.96)	/	2 )	/	2252.335	*	365
=	275.68					/	2252.335	*	365
=	44.68

Trinity Industries's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (293.007	+	243.45)	/	2 )	/	566.999	*	365 / 4
=	268.2285					/	566.999	*	365 / 4
=	43.17

Trinity Industries Days Payable Related Terms

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Trinity Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Trinity Industries Inc (FRA:TTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRN:USA

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.

Trinity Industries Headlines

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