Greenbrier Companies Inc (GBX)
Total asset 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 |
| Total assets | US$ in thousands | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 | 2,990,640 |
| Total asset turnover | 0.99 | 0.77 | 0.52 | 0.88 | 1.01 |
August 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,944,000K ÷ $3,978,400K
= 0.99
Based on the data provided, Greenbrier Cos., Inc.'s total asset turnover has fluctuated over the past five years. The total asset turnover ratio measures how efficiently a company uses its assets to generate revenue. A higher ratio indicates better efficiency in asset utilization.
In 2023, the total asset turnover stands at 0.99, reflecting an increase from the previous year, indicating that the company generated almost the same amount of revenue as the total value of its assets. This may suggest improved asset utilization and operational efficiency compared to the prior year.
However, in 2022, the total asset turnover was 0.77, indicating a decrease compared to the prior year. This implies that the company's ability to generate revenue from its assets was less efficient.
In 2021, the total asset turnover was 0.52, reflecting a significant drop compared to the previous year. This suggests a less effective use of assets to generate revenue.
In 2020, the total asset turnover was 0.88, showing an increase from the prior year, indicating improved asset utilization compared to 2019.
Lastly, in 2019, the total asset turnover was 1.01, indicating efficient utilization of assets to generate revenue.
Overall, the total asset turnover ratio has varied, with the company displaying both periods of improved and reduced efficiency in utilizing its assets to generate sales. Further analysis of the company's operations and industry conditions would be necessary to understand the underlying reasons for these fluctuations and to assess the overall financial health of Greenbrier Cos., Inc.
Peer comparison
Aug 31, 2023