Greenbrier Companies Inc (GBX)
Receivables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,544,700 | 3,944,000 | 2,977,700 | 1,747,900 | 2,792,200 |
| Receivables | US$ in thousands | 45,100 | 42,200 | 39,800 | 112,135 | 9,109 |
| Receivables turnover | 78.60 | 93.46 | 74.82 | 15.59 | 306.53 |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,544,700K ÷ $45,100K
= 78.60
The receivables turnover ratio for Greenbrier Companies Inc has fluctuated over the past five years. In 2020, the company had a high receivables turnover ratio of 306.53, indicating that it collected its accounts receivable 306.53 times during that year. This may suggest efficient management of its accounts receivable.
However, in 2021, the receivables turnover ratio dropped significantly to 15.59, which could indicate a delay in collecting payments from customers or a change in the company's credit policies. The ratio rebounded in 2022 to 74.82, showing an improvement in receivables turnover efficiency.
In 2023, the ratio further increased to 93.46, indicating that the company was collecting its receivables more frequently. The most recent data for 2024 shows a slight decrease in the ratio to 78.60, which is still relatively high compared to previous years.
Overall, the trend in Greenbrier Companies Inc's receivables turnover ratio shows fluctuations over the years, with some improvements in efficiency observed in recent years. It is important for the company to continue monitoring and managing its accounts receivable effectively to ensure timely collections and maintain healthy cash flow.
Peer comparison
Aug 31, 2024