Greif Bros Corporation (GEF)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,413,400 | 4,377,300 | 4,281,600 | 4,141,100 | 4,037,300 | 4,072,500 | 4,225,500 | 4,477,400 | 4,808,900 | 5,064,100 | 5,160,500 | 5,057,300 | 4,803,400 | 4,463,100 | 4,110,600 | 3,801,900 | 3,644,800 | 3,600,300 | 3,643,800 | 3,753,700 |
| Inventory | US$ in thousands | 416,700 | 399,500 | 420,700 | 411,700 | 368,500 | 338,600 | 387,700 | 400,200 | 441,100 | 403,300 | 478,500 | 474,800 | 488,300 | 499,200 | 456,500 | 371,900 | 335,700 | 293,600 | 349,600 | 339,000 |
| Inventory turnover | 10.59 | 10.96 | 10.18 | 10.06 | 10.96 | 12.03 | 10.90 | 11.19 | 10.90 | 12.56 | 10.78 | 10.65 | 9.84 | 8.94 | 9.00 | 10.22 | 10.86 | 12.26 | 10.42 | 11.07 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,413,400K ÷ $416,700K
= 10.59
The inventory turnover ratio for Greif Bros Corporation has fluctuated over the past few years. Starting from April 30, 2020, the ratio was 11.07, indicating that on average, the company's inventory was sold and replaced approximately 11.07 times during that period.
The ratio decreased slightly to 10.42 by July 31, 2020, but then showed an increase to 12.26 by October 31, 2020, suggesting more efficient management of inventory during that period. However, by July 31, 2021, the ratio decreased to 9.00, indicating a potential slowdown in inventory turnover.
Subsequently, there were fluctuations in the ratio, with values ranging between 8.94 to 12.56 from October 31, 2021, to October 31, 2022. These fluctuations may indicate varying levels of demand or changes in the company's inventory management strategies.
Overall, the inventory turnover ratio for Greif Bros Corporation has shown some variations but generally remains within a range of 8.94 to 12.56 over the years analyzed. A higher turnover ratio typically suggests efficient inventory management and prompt sales, while a lower ratio may indicate excess or slow-moving inventory.