Greenbrier Companies Inc (GBX)
Return on assets (ROA)
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 71,076 | 66,904 |
| Total assets | US$ in thousands | 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 | 2,990,640 | 2,513,190 |
| ROA | 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% | 2.38% | 2.66% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $110,700K ÷ $4,043,600K
= 2.74%
Greenbrier Companies Inc's return on assets (ROA) has shown a fluctuating trend over the past 20 quarters. The ROA ranged from as low as 0.02% in May 31, 2021, to as high as 2.75% in Nov 30, 2023. However, the overall trend indicates an increasing pattern in ROA over this period.
The company's ROA started below 1% in the initial quarters but gradually improved, surpassing 2% in later periods. This improvement suggests that Greenbrier Companies Inc has been generating more income from its assets over time, indicating operational efficiency and effective asset utilization.
It's notable that there are some variations in ROA between consecutive quarters, which could be due to changes in operating performance, asset utilization, or financial leverage. The highest ROA in Nov 30, 2023, may indicate particularly efficient use of assets during that period.
Overall, Greenbrier Companies Inc's improving ROA trend indicates that the company has been able to generate greater returns from its assets, which is a positive indicator of financial performance and efficiency over the analyzed period. Further analysis would be needed to understand the specific factors driving these changes and to assess the sustainability of this trend.
Peer comparison
Feb 29, 2024