Greenbrier Companies Inc (GBX)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 2,667,105 | 2,469,716 |
| Inventory | US$ in thousands | 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 | 664,693 | 592,099 |
| Inventory turnover | 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 | 4.01 | 4.17 |
February 29, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,228,700K ÷ $827,000K
= 3.90
Greenbrier Companies Inc's inventory turnover has varied over the past 20 reporting periods. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating how many times its inventory is sold and replaced over a specific period.
Based on the provided data, Greenbrier's inventory turnover has ranged from a low of 2.62 to a high of 4.61. The highest inventory turnover of 4.61 was observed in August 2020, while the lowest of 2.62 occurred in November 2021.
Overall, the trend in inventory turnover appears to have fluctuated with no consistent upward or downward trajectory. However, it is worth noting that the inventory turnover has generally been above 3.0, suggesting that Greenbrier has been able to efficiently manage its inventory levels and turn over its stock in a timely manner.
Further analysis and comparison with industry benchmarks or historical data could provide additional insights into Greenbrier's inventory management performance and efficiency in utilizing its working capital.
Peer comparison
Feb 29, 2024
Feb 29, 2024