Greenbrier Companies Inc (GBX)
Return on assets (ROA)
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 62,500 | 46,900 | 32,400 | 49,000 | 71,076 |
| Total assets | US$ in thousands | 3,978,400 | 3,851,500 | 3,390,700 | 3,173,800 | 2,990,640 |
| ROA | 1.57% | 1.22% | 0.96% | 1.54% | 2.38% |
August 31, 2023 calculation
ROA = Net income ÷ Total assets
= $62,500K ÷ $3,978,400K
= 1.57%
The return on assets (ROA) of Greenbrier Cos., Inc. has varied over the past five years. ROA indicates how efficiently the company is utilizing its assets to generate profit. In 2023, the ROA increased to 1.57%, up from 1.22% in 2022. This improvement suggests that the company was more effective in generating earnings relative to its total assets in 2023. However, it is lower than the 2.38% recorded in 2019, indicating a decline in asset efficiency over the past five years. The fluctuation in ROA may indicate changing asset utilization or profit generation strategies within the company. It would be beneficial to explore the company's asset management practices and profit generation methods to gain a deeper understanding of the factors driving these changes in ROA.
Peer comparison
Aug 31, 2023