Greenbrier Companies Inc (GBX)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 160,100 | 62,500 | 46,900 | 32,400 | 49,000 |
| Total assets | US$ in thousands | 4,254,500 | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 |
| ROA | 3.76% | 1.57% | 1.22% | 0.96% | 1.54% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $160,100K ÷ $4,254,500K
= 3.76%
The return on assets (ROA) for Greenbrier Companies Inc has shown improvement over the past five years, indicating the company's ability to generate profits relative to its total assets. The ROA increased from 1.54% in 2020 to 3.76% in 2024. This upward trend suggests that the company has been effectively utilizing its assets to generate higher profits.
The significant improvement in ROA signifies that Greenbrier has enhanced its operational efficiency and profitability, which could be attributed to various factors such as cost management, revenue growth, and asset utilization. This positive trend is a favorable indicator of the company's financial health and management efficiency.
Peer comparison
Aug 31, 2024