Greif Bros Corporation (GEF)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,082,400 | 1,947,900 | 1,761,300 | 1,514,300 | 1,152,200 |
| ROE | 12.59% | 18.44% | 21.39% | 25.80% | 9.44% |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $262,100K ÷ $2,082,400K
= 12.59%
Greif Bros Corporation's return on equity (ROE) has shown fluctuations over the years based on the provided data. In October 31, 2020, the ROE was at 9.44%, indicating that the company's profitability in generating returns from shareholders' equity was relatively low. However, there was a significant improvement in October 31, 2021, with the ROE increasing to 25.80%, reflecting better utilization of equity to generate profits.
Subsequently, in October 31, 2022, the ROE slightly decreased to 21.39%, but still indicated a strong performance in generating returns for shareholders. By October 31, 2023, the ROE declined further to 18.44%, suggesting a potential decrease in profitability or efficiency in using equity for earnings.
The most recent data point on October 31, 2024, shows a ROE of 12.59%, indicating a significant drop from the previous year. This decrease may signal challenges in maintaining profitability levels or inefficiencies in utilizing shareholders' equity effectively.
Overall, the trend in Greif Bros Corporation's ROE over the years reflects a mix of improvements and declines, highlighting the importance of monitoring and analyzing this ratio to assess the company's financial performance and efficiency in generating returns for shareholders.