Greenbrier Companies Inc (GBX)
Fixed asset turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,727,000 | 3,986,300 | 3,944,000 | 3,877,300 | 3,632,700 | 3,193,500 | 2,977,700 | 2,626,100 | 2,282,800 | 1,895,600 | 1,747,900 | 1,785,236 | 2,097,593 | 2,425,841 | 2,792,200 | 3,070,009 | 3,163,604 | 3,198,427 | 3,033,591 | 2,808,552 |
| Property, plant and equipment | US$ in thousands | 636,100 | 618,100 | 619,200 | 600,400 | 618,400 | 617,600 | 645,200 | 642,700 | 646,500 | 654,400 | 670,200 | 676,010 | 687,468 | 696,333 | 711,524 | 719,155 | 723,326 | 730,730 | 717,973 | 478,502 |
| Fixed asset turnover | 5.86 | 6.45 | 6.37 | 6.46 | 5.87 | 5.17 | 4.62 | 4.09 | 3.53 | 2.90 | 2.61 | 2.64 | 3.05 | 3.48 | 3.92 | 4.27 | 4.37 | 4.38 | 4.23 | 5.87 |
February 29, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,727,000K ÷ $636,100K
= 5.86
Fixed asset turnover measures the efficiency with which a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently.
Analyzing Greenbrier Companies Inc's fixed asset turnover over the past few quarters, we observe fluctuations in the ratio. The ratio has shown a general upward trend over the past four quarters, with values ranging from 6.37 to 6.46. This suggests that the company has been able to generate more revenue relative to its fixed assets during these periods.
However, looking further back, the fixed asset turnover ratio experienced a noticeable decline in the earlier quarters, ranging from 2.61 to 4.23. This may indicate that the company was less efficient in utilizing its fixed assets to generate revenue during those periods.
Overall, Greenbrier Companies Inc's recent trend of increasing fixed asset turnover is a positive indicator of improved efficiency in asset utilization. Nonetheless, it would be beneficial to continue monitoring this ratio to ensure sustained efficiency in utilizing fixed assets for revenue generation.
Peer comparison
Feb 29, 2024