Greif Bros Corporation (GEF)
Fixed asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,448,100 | 5,218,600 | 6,349,500 | 5,556,100 | 4,515,000 |
| Property, plant and equipment | US$ in thousands | — | 1,883,400 | 1,709,700 | 1,810,600 | 1,526,900 |
| Fixed asset turnover | — | 2.77 | 3.71 | 3.07 | 2.96 |
October 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,448,100K ÷ $—K
= —
Analysis of Greif Bros Corporation Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales revenue. It is calculated as net sales divided by average fixed assets.
- From the data provided:
- In October 31, 2020, the fixed asset turnover ratio was 2.96, indicating that for every dollar invested in fixed assets, the company generated $2.96 in sales.
- In October 31, 2021, the fixed asset turnover ratio improved to 3.07, showing an increase in efficiency in utilizing fixed assets to generate revenue.
- By October 31, 2022, the fixed asset turnover ratio further improved to 3.71, demonstrating a significant increase in efficiency in utilizing fixed assets for sales generation.
- However, in October 31, 2023, the fixed asset turnover ratio decreased to 2.77, indicating a potential decline in efficiency in utilizing fixed assets to generate revenue.
- The data for October 31, 2024 is unavailable, represented by "—".
- Overall, the trend in the fixed asset turnover ratio for Greif Bros Corporation shows fluctuations over the years, with improvements in some years and potential declines in others. It is essential for the company to analyze the factors that contributed to these fluctuations and work on maintaining or improving efficiency in utilizing fixed assets for revenue generation in the future.