Greif Bros Corporation (GEF)
Total 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 |
| Total assets | US$ in thousands | 6,585,700 | 6,646,400 | 6,834,900 | 6,828,800 | 5,969,100 | 5,960,800 | 5,873,500 | 5,911,500 | 5,690,600 | 5,460,300 | 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 |
| Total asset turnover | 0.84 | 0.82 | 0.78 | 0.76 | 0.86 | 0.88 | 0.92 | 0.96 | 1.06 | 1.16 | 1.14 | 1.12 | 1.04 | 0.96 | 0.90 | 0.85 | 0.82 | 0.82 | 0.82 | 0.86 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,508,100K ÷ $6,585,700K
= 0.84
Total asset turnover is a financial ratio that measures a company's ability to generate revenues from its total assets. A higher total asset turnover usually indicates more efficient utilization of assets to generate sales.
Based on the data provided for Greif Bros Corporation, we can see a fluctuation in the total asset turnover ratio over the reported periods. The ratio starts at 0.86 on April 30, 2020, and experiences some fluctuations in the subsequent periods. However, from July 31, 2022, onwards, the total asset turnover ratio shows an increasing trend until January 31, 2023, reaching a peak of 1.16 on October 31, 2022.
After that peak, the ratio starts to decline gradually, dropping to 0.76 by April 30, 2024. Following this decline, there seems to be some stability in the ratio around 0.78 to 0.84 from July 31, 2024, to the latest reported date of January 31, 2025.
Overall, Greif Bros Corporation's total asset turnover ratio has shown some variability, indicating fluctuations in the company's efficiency in generating revenue from its total assets. It would be essential for the company to analyze the reasons behind these fluctuations and work towards maintaining or improving its efficiency in asset utilization to drive revenue growth in the future.