Greenbrier Companies Inc (GBX)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 160,100 | 123,300 | 110,700 | 110,400 | 62,500 | 57,900 | 39,700 | 19,400 | 46,900 | 58,400 | 75,000 | 53,100 | 32,300 | 497 | 8,569 | 31,298 | 48,967 | 84,177 | 71,653 | 60,789 |
| Total assets | US$ in thousands | 4,254,500 | 4,115,800 | 4,043,600 | 4,014,700 | 3,978,400 | 3,921,700 | 3,952,500 | 3,817,100 | 3,851,500 | 3,706,100 | 3,612,700 | 3,470,000 | 3,390,700 | 3,210,170 | 3,059,360 | 3,046,080 | 3,173,800 | 3,279,030 | 2,947,660 | 2,948,780 |
| ROA | 3.76% | 3.00% | 2.74% | 2.75% | 1.57% | 1.48% | 1.00% | 0.51% | 1.22% | 1.58% | 2.08% | 1.53% | 0.95% | 0.02% | 0.28% | 1.03% | 1.54% | 2.57% | 2.43% | 2.06% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $160,100K ÷ $4,254,500K
= 3.76%
Greenbrier Companies Inc's return on assets (ROA) has shown some fluctuations over the past few quarters. The ROA has improved steadily from 0.02% in May 2021 to 3.76% in August 2024, indicating an overall positive trend in the company's efficiency in generating profits from its assets. The company's ROA has generally been above 1% since August 2022, with some quarters showing stronger performance than others.
The peak ROA of 3.76% in August 2024 suggests that Greenbrier has been effectively utilizing its assets to generate profits during that period. It is important to note that a higher ROA indicates that the company is more efficient in generating earnings relative to its total assets.
However, the ROA dipped to 0.02% in May 2021, which could be a cause for concern as it indicates a period of very low profitability relative to the company's assets. This low point may require further analysis to understand the factors contributing to the decline in profitability.
Overall, the upward trend in Greenbrier's ROA from 2021 to 2024 is a positive sign of improved asset utilization and profitability. Analyzing the factors driving these fluctuations in ROA can provide valuable insights into the company's financial performance and efficiency in utilizing its assets.
Peer comparison
Aug 31, 2024