Greif Bros Corporation (GEF)
Total asset 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 |
| Total assets | US$ in thousands | 5,969,100 | 5,960,800 | 5,873,500 | 5,911,500 | 5,690,600 | 5,469,900 | 5,626,100 | 5,622,900 | 5,766,600 | 5,815,800 | 5,723,600 | 5,587,900 | 5,566,600 | 5,510,900 | 5,593,800 | 5,529,000 | 5,721,500 | 5,426,700 | 5,552,400 | 5,510,400 |
| Total asset turnover | 0.86 | 0.88 | 0.93 | 0.98 | 1.07 | 1.16 | 1.14 | 1.12 | 1.04 | 0.96 | 0.90 | 0.85 | 0.82 | 0.82 | 0.82 | 0.86 | 0.84 | 0.85 | 0.78 | 0.74 |
January 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,149,200K ÷ $5,969,100K
= 0.86
The total asset turnover ratio for Greif Inc has shown a decreasing trend from Q1 2023 to Q1 2024, starting at 1.06 and declining to 0.86. This indicates that the company generated less revenue in relation to its total assets in the most recent quarter compared to previous quarters. A total asset turnover below 1 suggests that the company is not efficiently utilizing its assets to generate sales. It would be advisable for Greif Inc to assess and improve its asset management strategies to enhance revenue generation efficiency and overall financial performance.