Greenbrier Companies Inc (GBX)
Inventory turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,986,200 | 3,502,900 | 2,671,700 | 1,516,300 | 2,439,100 |
| Inventory | US$ in thousands | 770,900 | 823,600 | 815,300 | 573,600 | 529,529 |
| Inventory turnover | 3.87 | 4.25 | 3.28 | 2.64 | 4.61 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,986,200K ÷ $770,900K
= 3.87
The inventory turnover ratio for Greenbrier Companies Inc has fluctuated over the past five years. In the latest fiscal year ending August 31, 2024, the company's inventory turnover was 3.87, indicating that they turned over their inventory approximately 3.87 times during the year. This was a slight decrease from the previous fiscal year, where the inventory turnover ratio was 4.25.
Comparing the current ratio to the ratios of the previous years, we can see that the company had the highest inventory turnover in August 2020, with a ratio of 4.61, and the lowest turnover in August 2021, with a ratio of 2.64. The fluctuations in the ratio may indicate changes in the company's inventory management efficiency or sales performance over the years.
Overall, Greenbrier Companies Inc's inventory turnover has shown variability, and further analysis would be needed to understand the reasons behind these fluctuations and to assess the company's effectiveness in managing its inventory levels.
Peer comparison
Aug 31, 2024