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.