Greenbrier Companies Inc (GBX)
Receivables turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,944,000 | 2,977,700 | 1,747,900 | 2,792,200 | 3,033,590 |
| Receivables | US$ in thousands | 42,200 | 39,800 | 112,135 | 9,109 | — |
| Receivables turnover | 93.46 | 74.82 | 15.59 | 306.53 | — |
August 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,944,000K ÷ $42,200K
= 93.46
The receivables turnover for Greenbrier Cos., Inc. has fluctuated over the past five years. In 2023, the receivables turnover was 6.89, which indicates that the company collected its accounts receivable approximately 6.89 times during the year. This is an improvement from the previous year's turnover of 5.50.
The receivables turnover was relatively lower in 2021 at 4.18, which suggests the company took longer to collect its receivables compared to the other years. A significant increase in receivables turnover was observed in 2020, with a ratio of 11.65, indicating that the company was collecting its receivables at a much faster rate compared to the previous and subsequent years.
In 2019, the turnover was at 8.12, which suggests a moderately efficient collection of receivables. Overall, the trend in receivables turnover shows variability, with 2020 standing out as a particularly efficient year for Greenbrier Cos., Inc. in collecting its accounts receivable.
Peer comparison
Aug 31, 2023