Greenbrier Companies Inc (GBX)
Working capital 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 current assets | US$ in thousands | 1,167,800 | 1,104,000 | 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 |
| Total current liabilities | US$ in thousands | 1,017,000 | 587,800 | 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 |
| Working capital turnover | 23.51 | 6.80 | 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 |
August 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,544,700K ÷ ($1,167,800K – $1,017,000K)
= 23.51
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to support its operations and generate sales.
Analyzing the working capital turnover of Greenbrier Companies Inc over the past few quarters, we observe fluctuations in the ratio. The ratio stood at 23.51 as of August 31, 2024, reflecting a significant increase from the previous quarter and suggesting a high level of efficiency in utilizing working capital to generate sales revenue.
Prior to that, the working capital turnover ratio fluctuated between 4.17 and 17.82 in the preceding quarters, indicating varying degrees of efficiency in working capital utilization. The lowest ratios indicate that the company may have faced challenges in efficiently managing its working capital during those periods.
It is essential for Greenbrier Companies Inc to sustain a balance in its working capital turnover ratio to ensure optimal utilization of resources and support its operational needs. Further analysis and comparison with industry benchmarks can provide additional insights into the company's financial health and efficiency in managing working capital.
Peer comparison
Aug 31, 2024