Greenbrier Companies Inc (GBX)
Fixed asset turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,944,000 | 2,977,700 | 1,747,900 | 2,792,200 | 3,033,590 |
| Property, plant and equipment | US$ in thousands | 619,200 | 645,200 | 670,200 | 711,524 | 717,973 |
| Fixed asset turnover | 6.37 | 4.62 | 2.61 | 3.92 | 4.23 |
August 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,944,000K ÷ $619,200K
= 6.37
The fixed asset turnover of Greenbrier Cos., Inc. has fluctuated over the past five years. The ratio indicates the efficiency with which the company utilizes its fixed assets to generate sales. In 2023, the fixed asset turnover was 2.44, which represents an increase from the previous year's 2.10. This suggests that the company generated $2.44 in sales for every dollar invested in fixed assets, indicating improved efficiency in asset utilization. However, the 2023 ratio should be interpreted in conjunction with other financial metrics and industry benchmarks to assess the company’s overall performance and operational efficiency.
Peer comparison
Aug 31, 2023