Greenbrier Companies Inc (GBX)
Fixed asset turnover
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,544,700 | 3,509,100 | 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 |
| Property, plant and equipment | US$ in thousands | 711,700 | 648,300 | 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 |
| Fixed asset turnover | 4.98 | 5.41 | 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 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,544,700K ÷ $711,700K
= 4.98
The fixed asset turnover ratio for Greenbrier Companies Inc has shown a fluctuating trend over the past several periods. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
From November 2019 to August 2020, the fixed asset turnover ratio increased steadily from 4.37 to 4.98, indicating an improvement in the efficiency of asset utilization. However, from August 2020 to February 2022, the ratio experienced a gradual decline, reaching its low point of 3.53 in February 2022.
Subsequently, from February 2022 to May 2023, there was a significant increase in the fixed asset turnover ratio, reaching a peak of 6.46 in May 2023. This sharp increase suggests a substantial improvement in the company's ability to generate revenue from its fixed assets.
However, the ratio started to decline again from May 2023 to August 2024, showing some fluctuations but generally maintaining a level above 4. Overall, the variability in the fixed asset turnover ratio indicates fluctuations in how effectively Greenbrier Companies Inc is utilizing its fixed assets to generate revenue over the analyzed periods.
Peer comparison
Aug 31, 2024