Greenbrier Companies Inc (GBX)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,986,200 | 3,015,100 | 3,228,700 | 3,493,400 | 3,502,900 | 3,435,600 | 3,242,800 | 2,865,600 | 2,671,700 | 2,349,300 | 2,007,100 | 1,657,100 | 1,516,300 | 1,584,650 | 1,864,676 | 2,124,188 | 2,439,058 | 2,650,416 | 2,744,970 | 2,812,285 |
| Inventory | US$ in thousands | 770,900 | 812,400 | 827,000 | 883,600 | 823,600 | 888,000 | 910,600 | 874,900 | 815,300 | 781,700 | 728,500 | 631,400 | 573,600 | 553,137 | 522,984 | 490,282 | 529,529 | 675,442 | 709,115 | 733,806 |
| Inventory turnover | 3.87 | 3.71 | 3.90 | 3.95 | 4.25 | 3.87 | 3.56 | 3.28 | 3.28 | 3.01 | 2.76 | 2.62 | 2.64 | 2.86 | 3.57 | 4.33 | 4.61 | 3.92 | 3.87 | 3.83 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,986,200K ÷ $770,900K
= 3.87
Greenbrier Companies Inc's inventory turnover has shown fluctuating trends over the past several quarters, ranging from a low of 2.62 to a high of 4.61. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period, reflecting how efficiently the company manages its inventory levels.
A higher inventory turnover ratio indicates that the company is selling goods quickly and efficiently managing its inventory, which is generally seen as a positive indicator. Greenbrier's inventory turnover ratios have generally been above 3, showing that the company is turning over its inventory multiple times in a year, which suggests effective inventory management.
While the ratios have varied, the company has generally maintained a level of around 3 to 4 times in recent quarters. This consistency suggests that Greenbrier is able to balance its inventory levels effectively to meet demand without tying up excess capital in unsold inventory.
Overall, Greenbrier Companies Inc's inventory turnover ratios indicate a reasonable level of efficiency in managing its inventory levels, although there may be room for improvement in certain quarters to optimize inventory turnover further.
Peer comparison
Aug 31, 2024
Aug 31, 2024