Did Trinity Industries, Inc. (NYSE:TRN) Use Debt To Deliver Its ROE Of 11%? [Yahoo! Finance]
Trinity Industries, Inc. (TRN)
Last trinity industries, inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
To keep the lesson grounded in practicality, we'll use ROE to better understand Trinity Industries, Inc. ( NYSE:TRN Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. View our latest analysis for Trinity Industries How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Trinity Industries is: 11% = US$140m ÷ US$1.3b (Based on the trailing twelve months to December 2023). The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.11 in profit. Does Trinity Industries Have A Good Return On Equity? Arguably the easiest way to
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TRN
News
- Institutional investors may overlook Trinity Industries, Inc.'s (NYSE:TRN) recent US$119m market cap drop as long-term gains remain positive [Yahoo! Finance]Yahoo! Finance
- Trinity Industries, Inc. Announces Date for Earnings ReleaseBusiness Wire
- Is Trinity Industries, Inc. (NYSE:TRN) Expensive For A Reason? A Look At Its Intrinsic Value [Yahoo! Finance]Yahoo! Finance
- Here's Why Investors Should Avoid Trinity (TRN) Stock Now [Yahoo! Finance]Yahoo! Finance
- Trinity Industries, Inc. Declares Quarterly DividendBusiness Wire
TRN
Earnings
- 2/22/24 - Beat
TRN
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- TRN's page on the SEC website