Greenbrier Companies Inc (GBX)
Working capital turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,033,591 | 2,808,552 |
| Total current assets | US$ in thousands | 1,099,900 | 1,201,400 | 1,105,300 | 1,239,200 | 1,312,900 | 1,167,100 | 1,398,100 | 1,360,800 | 1,421,300 | 1,148,400 | 1,332,500 | 1,256,470 | 1,178,590 | 1,214,830 | 1,363,270 | 1,410,700 | 879,014 | 987,408 | 994,377 | 951,724 |
| Total current liabilities | US$ in thousands | 585,100 | 962,500 | 789,700 | 1,021,600 | 1,032,900 | 967,000 | 1,021,700 | 900,600 | 873,400 | 1,056,700 | 899,413 | 761,206 | 724,410 | 710,386 | 463,880 | 905,504 | 537,094 | 518,894 | 595,475 | 499,058 |
| Working capital turnover | 7.24 | 16.69 | 12.50 | 17.82 | 12.97 | 15.96 | 7.91 | 5.71 | 4.17 | 20.67 | 4.04 | 3.60 | 4.62 | 4.81 | 3.10 | 6.08 | 9.25 | 6.83 | 7.60 | 6.20 |
February 29, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,727,000K ÷ ($1,099,900K – $585,100K)
= 7.24
The working capital turnover of Greenbrier Companies Inc has fluctuated over the past two years, with values ranging from as low as 3.10 to as high as 20.67. This ratio indicates the efficiency with which the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio suggests that the company is effectively using its current assets to support sales activities.
In analyzing the trend, we observe that the working capital turnover ratio showed significant variability over the periods, with the highest value recorded in Nov 30, 2021, and the lowest in May 31, 2021. The trend appears to be inconsistent, possibly indicating fluctuations in the company's sales revenue relative to its working capital levels.
Overall, a critical analysis of the working capital turnover ratio suggests that Greenbrier Companies Inc has experienced varying degrees of efficiency in utilizing its working capital to support sales activities. Further investigation into the factors influencing these fluctuations would provide deeper insights into the company's operational efficiency and financial management.
Peer comparison
Feb 29, 2024