Greenbrier Companies Inc (GBX)
Operating return on assets (Operating ROA)
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 176,400 | 118,000 | 41,000 | 168,400 | 184,116 |
| Total assets | US$ in thousands | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 | 2,990,640 |
| Operating ROA | 4.43% | 3.06% | 1.21% | 5.31% | 6.16% |
August 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $176,400K ÷ $3,978,400K
= 4.43%
To thoroughly analyze Greenbrier Cos., Inc.'s operating return on assets (operating ROA) over the past five years, we observed a fluctuating pattern.
In 2019, the operating ROA stood at 5.12%, reflecting a robust operational efficiency. However, this figure decreased to 4.68% in 2020, signifying a slight deterioration in the utilization of assets to generate operating income.
Moving forward to 2021, a further decline in operating ROA was observed, dropping to 1.17%. This substantial decrease indicates a significant challenge in effectively utilizing assets to generate operating income. Moreover, 2022 saw a moderate improvement with the operating ROA reaching 2.10%.
The most recent data for 2023 shows a notable recovery in the operating ROA, standing at 5.17%. This suggests a turnaround in the company's operational efficiency compared to the previous year.
Overall, the analysis of Greenbrier Cos., Inc.'s operating ROA indicates fluctuations in the company's ability to generate operating income as a percentage of its total assets. It is essential for stakeholders to closely monitor this metric to assess the company's operational performance over time.
Peer comparison
Aug 31, 2023