Greif Bros Corporation (GEF)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 262,100 | 359,200 | 376,700 | 390,700 | 108,800 |
| Total assets | US$ in thousands | 6,646,400 | 5,960,800 | 5,460,300 | 5,815,800 | 5,510,900 |
| ROA | 3.94% | 6.03% | 6.90% | 6.72% | 1.97% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $262,100K ÷ $6,646,400K
= 3.94%
Based on the provided data, Greif Bros Corporation's return on assets (ROA) has shown fluctuations over the past five years.
In October 2020, the ROA was reported at 1.97%, indicating that the company generated a profit of 1.97 cents for every dollar of assets it owned.
Over the subsequent years, there was a notable improvement in Greif Bros Corporation's ROA performance. By October 2022, the ROA had increased to 6.90%, indicating a significant enhancement in the company's ability to generate profits from its assets.
However, in the following year, there was a slight decrease in the ROA to 6.03%, which could be a signal of potential challenges or changes in the company's operations impacting its profitability.
Finally, by October 2024, the ROA had dropped further to 3.94%, signifying a decline in the company's efficiency in utilizing its assets to generate profits.
Overall, Greif Bros Corporation experienced fluctuations in its ROA over the five-year period, with periods of improvement followed by declines. Investors and stakeholders may want to further investigate the reasons behind these changes to assess the company's financial performance and future prospects accurately.