Greif Bros Corporation (GEF)
Receivables turnover
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,149,200 | 5,273,800 | 5,465,400 | 5,766,100 | 6,085,200 | 6,322,000 | 6,413,400 | 6,278,700 | 5,977,000 | 5,559,600 | 5,156,700 | 4,746,200 | 4,565,300 | 4,532,800 | 4,593,500 | 4,764,000 | 4,800,700 | 4,585,700 | 4,334,200 | 4,093,900 |
| Receivables | US$ in thousands | 639,200 | 659,400 | 682,700 | 727,000 | 674,200 | 749,100 | 868,700 | 880,300 | 816,100 | 889,500 | 834,700 | 751,100 | 679,700 | 636,600 | 624,500 | 640,500 | 641,700 | 664,200 | 724,800 | 704,800 |
| Receivables turnover | 8.06 | 8.00 | 8.01 | 7.93 | 9.03 | 8.44 | 7.38 | 7.13 | 7.32 | 6.25 | 6.18 | 6.32 | 6.72 | 7.12 | 7.36 | 7.44 | 7.48 | 6.90 | 5.98 | 5.81 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,149,200K ÷ $639,200K
= 8.06
The receivables turnover ratio for Greif Inc has exhibited some variation over the past eight quarters. The ratio has ranged from a low of 7.16 in Q2 2022 to a high of 8.98 in Q1 2023, with an average turnover rate of approximately 8 times per year.
Overall, the trend in the receivables turnover ratio indicates that Greif Inc's ability to collect its accounts receivable has been relatively consistent, with minor fluctuations that could be influenced by seasonal factors or changes in the company's credit policies.
It is important to note that a higher receivables turnover ratio generally indicates that the company is more efficient in collecting its outstanding debts, while a lower ratio may suggest potential issues with credit control or collection efforts. Greif Inc's consistent turnover ratios within the range of 7.16 to 8.98 reflect a relatively stable performance in managing its accounts receivable turnover during the period under consideration.