Trinet (TNET) Short-term Investments (2013 - 2024)
Trinet (TNET) reported Short-term Investments of $50 million for Q3 2024, down 33.3% from $75 million a year earlier and down 30.6% from the prior quarter.
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Analysis
Trinet (TNET) Short-term Investments (2013 - 2024) Analysis & Trends
At the end of FY2023, Trinet posted Short-term Investments of $65 million, down 14.5% from FY2022.
- Short-term Investments has a five-year compound annual growth rate of 3.8% (FY2018 to FY2023).
- By year, Short-term Investments came in at $76 million in FY2022 (-43.7%), $135 million in FY2021 (+136.8%), $57 million in FY2020 (-16.2%) and $68 million in FY2019 (+25.9%).
- The Q3 2024 figure ranks as the lowest quarterly Short-term Investments since Q3 2018.
- Year over year, Short-term Investments gained in 1 of the last eight quarters, with an average decline of 24.7%.
- The high point for year-over-year Short-term Investments in five years was Q3 2021 (growth of 154.1%); the low point was Q4 2022 (a decline of 43.7%).
- Per Business Quant data, the three quarters before Q3 2024 came in at $72 million (Q2 2024), $85 million (Q1 2024) and $65 million (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Accenture | 122.50 Bn | 82.91 Bn | 6.13 Bn |
| 2 | Cintas | 78.05 Bn | 77.24 Bn | 1.48 Bn |
| 3 | Iron Mountain | 33.02 Bn | 32.53 Bn | 1.07 Bn |
| 4 | APi | 16.68 Bn | 13.72 Bn | 703.00 Mn |
| 5 | Rollins | 14.49 Bn | 14.04 Bn | 569.95 Mn |
| 6 | Aramark | 14.11 Bn | 12.13 Bn | 430.34 Mn |
| 7 | UL Solutions | 13.27 Bn | 12.05 Bn | 417.00 Mn |
| 8 | Gartner | 11.78 Bn | 5.47 Bn | 1.19 Bn |
| 9 | Rentokil Initial | 9.98 Bn | 3.32 Bn | - |
| 10 | Trinet | 2.87 Bn | 1.57 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 50.00 Mn |
| Jun 30, 2024 | 72.00 Mn |
| Mar 31, 2024 | 85.00 Mn |
| Dec 31, 2023 | 65.00 Mn |
| Sep 30, 2023 | 75.00 Mn |
| Jun 30, 2023 | 69.00 Mn |
| Mar 31, 2023 | 89.00 Mn |
| Dec 31, 2022 | 76.00 Mn |
| Sep 30, 2022 | 95.00 Mn |
| Jun 30, 2022 | 120.00 Mn |
| Mar 31, 2022 | 154.00 Mn |
| Dec 31, 2021 | 135.00 Mn |
| Sep 30, 2021 | 155.00 Mn |
| Jun 30, 2021 | 131.00 Mn |
| Mar 31, 2021 | 71.00 Mn |
| Dec 31, 2020 | 57.00 Mn |
| Sep 30, 2020 | 61.00 Mn |
| Jun 30, 2020 | 76.00 Mn |
| Mar 31, 2020 | 65.00 Mn |
| Dec 31, 2019 | 68.00 Mn |
API Access
Trinet Short-term Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=short-term-investments&ticker=TNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-investments", "ticker": "TNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=short-term-investments&ticker=TNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();