Greif Bros Corporation (GEF)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 336,500 | 359,200 | 390,900 | 442,400 | 456,300 | 376,700 | 381,700 | 352,900 | 377,600 | 390,700 | 330,600 | 238,300 | 99,900 | 108,800 | 129,400 | 171,400 | 173,600 | 171,000 | 146,100 | 151,100 |
| 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 |
| ROA | 5.64% | 6.03% | 6.66% | 7.48% | 8.02% | 6.89% | 6.78% | 6.28% | 6.55% | 6.72% | 5.78% | 4.26% | 1.79% | 1.97% | 2.31% | 3.10% | 3.03% | 3.15% | 2.63% | 2.74% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $336,500K ÷ $5,969,100K
= 5.64%
Return on assets (ROA) is a key profitability ratio that indicates how effectively a company is generating profits from its assets. Greif Inc's ROA has shown a general decreasing trend over the last eight quarters. In Q1 2024, the ROA was 5.64%, which was lower compared to the previous quarter Q4 2023 at 6.03%. This downward trend continued from Q4 2023 and was consistent with the ROA for the previous quarters.
The ROA peaked at 8.02% in Q1 2023 and has gradually declined since then. This may indicate that Greif Inc's ability to generate profit from its assets has weakened over the last few quarters. It is important for investors and stakeholders to monitor this trend closely to understand the impact on the company's overall financial performance and efficiency in utilizing its assets.