Greenbrier Companies Inc (GBX)
Total asset 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 |
| Total assets | US$ in thousands | 4,254,500 | 4,115,800 | 4,043,600 | 4,014,700 | 3,978,400 | 3,921,700 | 3,952,500 | 3,817,100 | 3,851,500 | 3,706,100 | 3,612,700 | 3,470,000 | 3,390,700 | 3,210,170 | 3,059,360 | 3,046,080 | 3,173,800 | 3,279,030 | 2,947,660 | 2,948,780 |
| Total asset turnover | 0.83 | 0.85 | 0.92 | 0.99 | 0.99 | 0.99 | 0.92 | 0.84 | 0.77 | 0.71 | 0.63 | 0.55 | 0.52 | 0.56 | 0.69 | 0.80 | 0.88 | 0.94 | 1.07 | 1.08 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,544,700K ÷ $4,254,500K
= 0.83
The total asset turnover ratio of Greenbrier Companies Inc has been fluctuating over the past few years. The ratio indicates how efficiently the company is generating sales revenue from its total assets.
Looking at the trend, the total asset turnover ratio has generally been declining from 2019 to 2022, reaching a low of 0.63 in February 2022. However, there has been an improvement in the ratio from 2022 to 2024, with the ratio increasing to 0.92 in February 2024 before experiencing some fluctuations.
The most recent ratio of 0.83 as of August 31, 2024, suggests that Greenbrier Companies Inc generated $0.83 in sales revenue for every dollar of total assets during that period. This indicates that the company's efficiency in utilizing its assets to generate revenue has slightly decreased compared to the previous period.
Overall, the trend in total asset turnover for Greenbrier Companies Inc shows fluctuations over time, with periods of improvement followed by declines. It is important for the company to continue monitoring and improving its asset utilization to ensure sustainable growth and profitability in the long term.
Peer comparison
Aug 31, 2024