Greenbrier Companies Inc (GBX)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,544,700 | 3,509,100 | 3,727,000 | 3,986,300 | 3,944,000 | 3,877,300 | 3,632,700 | 3,193,500 | 2,977,700 | 2,626,100 | 2,282,800 | 1,895,600 | 1,747,900 | 1,785,236 | 2,097,593 | 2,425,841 | 2,792,200 | 3,070,009 | 3,163,604 | 3,198,427 |
| Receivables | US$ in thousands | 45,100 | 20,000 | 20,900 | 10,500 | 42,200 | 29,800 | 22,400 | 28,900 | 39,800 | 129,400 | 106,000 | 106,200 | 112,135 | 75,135 | 62,103 | — | 9,109 | — | — | — |
| Receivables turnover | 78.60 | 175.46 | 178.33 | 379.65 | 93.46 | 130.11 | 162.17 | 110.50 | 74.82 | 20.29 | 21.54 | 17.85 | 15.59 | 23.76 | 33.78 | — | 306.53 | — | — | — |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,544,700K ÷ $45,100K
= 78.60
The receivables turnover ratio for Greenbrier Companies Inc has shown significant fluctuations over the past few quarters. The ratio peaked at 379.65 in November 2023, indicating that the company collected its accounts receivable nearly 380 times during that period. This could suggest efficient management of accounts receivable and a shorter collection period.
There was a noticeable decline in the receivables turnover ratio in August 2024, with a value of 78.60. This could imply that the company took longer to collect its accounts receivable during that period compared to previous quarters.
Overall, the trend in Greenbrier's receivables turnover indicates variation in the efficiency of the company's credit management and collection efforts. It is important for the company to focus on maintaining a balance between timely collections and maintaining good customer relationships to ensure a healthy cash flow cycle.
Peer comparison
Aug 31, 2024