Greif Bros Corporation (GEF)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,992,500 | 1,947,900 | 1,948,300 | 1,879,800 | 1,845,400 | 1,761,300 | 1,701,100 | 1,686,400 | 1,493,300 | 1,514,300 | 1,448,900 | 1,374,200 | 1,205,300 | 1,152,200 | 1,141,300 | 1,083,200 | 1,163,800 | 1,133,100 | 1,120,600 | 1,086,600 |
| ROE | 16.89% | 18.44% | 20.06% | 23.53% | 24.73% | 21.39% | 22.44% | 20.93% | 25.29% | 25.80% | 22.82% | 17.34% | 8.29% | 9.44% | 11.34% | 15.82% | 14.92% | 15.09% | 13.04% | 13.91% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $336,500K ÷ $1,992,500K
= 16.89%
Greif Inc's Return on Equity (ROE) has shown fluctuations over the past eight quarters. The trend indicates a general decrease in ROE from Q1 2023 to Q1 2024, with the latest value at 16.89%. This decrease suggests a potential decline in the company's ability to generate profit from shareholders' equity.
The highest ROE of 24.73% was recorded in Q1 2023, followed by a gradual decline in subsequent quarters. This may indicate a decrease in the company's profitability relative to its equity base over the analyzed period.
In Q4 2023, there was a slight increase in ROE to 18.44% from 16.89% in the previous quarter. However, the overall decreasing trend in ROE raises concerns about Greif Inc's efficiency in utilizing its shareholders' equity to generate profits.
It is essential for Greif Inc to closely monitor and improve its ROE performance to ensure sustainable growth and enhance shareholder value over the long term. Further analysis of the company's financial and operational strategies may provide insights into the factors impacting its ROE performance.