Greif Bros Corporation (GEF)
Fixed asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,508,100 | 5,448,100 | 5,339,400 | 5,215,500 | 5,153,400 | 5,218,600 | 5,406,000 | 5,697,800 | 6,056,200 | 6,349,500 | 6,431,900 | 6,300,600 | 5,973,900 | 5,556,100 | 5,139,200 | 4,731,400 | 4,549,100 | 4,515,000 | 4,585,800 | 4,755,400 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,883,400 | 1,792,500 | 1,517,600 | 1,749,300 | 1,709,700 | 1,680,300 | 1,431,500 | 1,743,800 | 1,810,600 | 1,780,500 | 1,499,100 | 1,514,900 | 1,526,900 | 1,911,900 | 1,596,100 |
| Fixed asset turnover | — | — | — | — | — | 2.77 | 3.02 | 3.75 | 3.46 | 3.71 | 3.83 | 4.40 | 3.43 | 3.07 | 2.89 | 3.16 | 3.00 | 2.96 | 2.40 | 2.98 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,508,100K ÷ $—K
= —
The fixed asset turnover ratio of Greif Bros Corporation has shown some fluctuations over the years based on the provided data. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue.
From April 2020 to July 2021, the fixed asset turnover ratio ranged between 2.40 and 3.16, indicating a fairly stable performance in utilizing fixed assets to generate sales during this period. However, there was a noticeable increase in the ratio from April 2022 to July 2022, reaching a peak of 4.40, which suggests an improvement in efficiency in utilizing fixed assets to generate sales.
Subsequently, the fixed asset turnover ratio declined from July 2022 to July 2023, before stabilizing around 3.00. This decline may indicate a decrease in the efficiency of utilizing fixed assets to generate sales during this period.
As of October 31, 2023, the fixed asset turnover ratio stood at 2.77, lower than the peak in April 2022 but slightly higher than the ratio observed in July 2021. The ratio then remained stagnant for the next reporting periods from January 2024 to October 2024, with no data available for analysis.
Overall, the trend in Greif Bros Corporation's fixed asset turnover ratio shows periods of both improvement and decline in efficiency in utilizing fixed assets to generate sales revenue. It is important for the company to monitor and manage its fixed asset turnover effectively to ensure optimal utilization of resources and profitability in the long run.