Greif Bros Corporation (GEF)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 464,600 | 605,500 | 621,200 | 585,200 | 304,900 |
| Total assets | US$ in thousands | 6,646,400 | 5,960,800 | 5,460,300 | 5,815,800 | 5,510,900 |
| Operating ROA | 6.99% | 10.16% | 11.38% | 10.06% | 5.53% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $464,600K ÷ $6,646,400K
= 6.99%
The operating return on assets (operating ROA) of Greif Bros Corporation has shown a fluctuating trend over the past five years.
- In October 31, 2020, the operating ROA was at 5.53%, indicating that the company generated 5.53 cents of operating income for every dollar of assets.
- There was a significant improvement in the operating ROA to 10.06% in October 31, 2021, suggesting better operational efficiency and profitability.
- The trend continued to improve in October 31, 2022, with the operating ROA reaching 11.38%, reflecting a more efficient utilization of assets to generate profits.
- However, there was a slight decrease in the operating ROA in October 31, 2023, to 10.16%, which could indicate some challenges or changes in the company's operations.
- The operating ROA decreased further to 6.99% in October 31, 2024, indicating a decline in profitability and asset utilization compared to the previous year.
Overall, the operating ROA of Greif Bros Corporation has shown variability, with periods of improvement and decline. It is essential for the company to consistently monitor and improve its operational efficiency to maintain profitability and sustainable growth in the future.