Greif's Total Assets for the quarter that ended in Jan. 2024 was $5,969 Mil.
Warning Sign:
If a company builds assets at 9.4% a year, faster than its revenue growth rate of 8.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Greif's average Total Assets Growth Rate was 4.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 2.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.70% per year.
During the past 13 years, Greif's highest 3-Year average Total Assets Growth Rate was 28.00%. The lowest was -7.10%. And the median was 10.70%.
Total Assets is connected with ROA %. Greif's annualizedROA % for the quarter that ended in Jan. 2024 was 4.51%. Total Assets is also linked to Revenue through Asset Turnover. Greif's Asset Turnover for the quarter that ended in Jan. 2024 was 0.20.
Greif Total Assets Historical Data
The historical data trend for Greif's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Greif Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Total Assets
5,426.70
5,510.90
5,815.80
5,469.90
5,960.80
Greif Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Total Assets
5,690.60
5,911.50
5,873.50
5,960.80
5,969.10
Greif Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Greif's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Jan. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Greif's Asset Turnover for the quarter that ended in Jan. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Greif Total Assets Related Terms
Thank you for viewing the detailed overview of Greif's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.
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