Trinity Industries (FRA:TTA) ROCE % : 5.36% (As of Mar. 2024)

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What is Trinity Industries ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Trinity Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.36%.

Trinity Industries ROCE % Historical Data

The historical data trend for Trinity Industries's ROCE % 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 ROCE % Chart

Trinity Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.14

-3.65

3.21

4.33

4.96

Trinity Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.27	4.68	4.88	7.06	5.36

Trinity Industries ROCE % Calculation

Trinity Industries's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	380.096	/	( ( (8235.739 - 517.784)	+	(8167.26 - 557.169) )	/ 2 )
	=	380.096	/	( (7717.955	+	7610.091)	/ 2 )
	=	380.096	/	7664.023
	=	4.96 %

Trinity Industries's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	411.424	/	( ( (8167.26 - 557.169)	+	(8353.416 - 611.064) )	/ 2 )
	=	411.424	/	( ( 7610.091	+	7742.352 )	/ 2 )
	=	411.424	/	7676.2215
	=	5.36 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Trinity Industries (FRA:TTA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Trinity Industries (FRA:TTA) Business Description

Industry

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

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 (FRA:TTA) Headlines

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