Greenbrier Companies Inc (GBX)
Total asset 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 |
| Total assets | US$ in thousands | 4,254,500 | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 |
| Total asset turnover | 0.83 | 0.99 | 0.77 | 0.52 | 0.88 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,544,700K ÷ $4,254,500K
= 0.83
The total asset turnover ratio for Greenbrier Companies Inc has fluctuated over the past five years, indicating varying levels of efficiency in generating sales revenue relative to its total assets. The trend shows that in 2021 and 2020, the company had lower asset turnover ratios of 0.52 and 0.88, respectively, suggesting a less efficient utilization of assets to generate sales.
However, there was an improvement in the total asset turnover ratio in 2023, which reached 0.99, indicating a more effective use of assets to generate revenue. In the most recent year, 2024, the ratio decreased to 0.83, signifying a slight dip in asset utilization efficiency compared to the previous year.
Overall, the fluctuating total asset turnover ratio for Greenbrier Companies Inc suggests that the company's ability to generate sales from its total assets has varied over the years, and management may need to assess and potentially enhance asset utilization strategies to improve efficiency in the long term.
Peer comparison
Aug 31, 2024