Greif Bros Corporation (GEF)
Total 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 |
| Total assets | US$ in thousands | 6,646,400 | 5,960,800 | 5,460,300 | 5,815,800 | 5,510,900 |
| Total asset turnover | 0.82 | 0.88 | 1.16 | 0.96 | 0.82 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,448,100K ÷ $6,646,400K
= 0.82
The total asset turnover for Greif Bros Corporation has shown some fluctuations over the past five years. In October 31, 2020, the total asset turnover was relatively low at 0.82, indicating that the company generated $0.82 in revenue for every dollar of assets.
However, there was an improvement in the total asset turnover in the following years. By October 31, 2021, the total asset turnover increased to 0.96, showing that the company was able to generate more revenue for each dollar of assets compared to the previous year.
In the subsequent year, by October 31, 2022, the total asset turnover further improved to 1.16, indicating that the company significantly increased its efficiency in generating revenue from its assets.
However, in October 31, 2023, there was a slight decline in the total asset turnover to 0.88, suggesting that the company may have faced challenges in maintaining the same level of efficiency in the utilization of its assets.
By October 31, 2024, the total asset turnover reverted back to 0.82, returning to the level observed in 2020. This suggests that there may have been a reversion to previous operating practices or external factors influencing the company's ability to generate revenue from its assets.
Overall, the trend in Greif Bros Corporation's total asset turnover indicates variability in its asset utilization efficiency over the years, with some improvements and setbacks in effectively generating revenue from its asset base.