Green Plains Renewable Energy Inc (GPRE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 13.01 | 18.27 | 16.24 | 13.43 | 7.90 | |
| DOH | days | 28.05 | 19.98 | 22.48 | 27.19 | 46.19 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.01
= 28.05
The days of inventory on hand (DOH) for Green Plains Renewable Energy Inc have shown a decreasing trend over the period from December 31, 2020, to December 31, 2024. In 2020, the company had 46.19 days of inventory on hand, which decreased to 27.19 days by the end of 2021. This decline continued in the following years, with DOH reducing to 22.48 days by December 31, 2022, further dropping to 19.98 days by December 31, 2023. However, there was a slight increase in DOH to 28.05 days by the end of 2024.
A decreasing trend in days of inventory on hand is generally considered positive as it indicates that the company is managing its inventory more efficiently, potentially reducing carrying costs and minimizing the risk of obsolescence. The increase in DOH in 2024 may need further investigation to understand the reasons behind this shift. Overall, the decreasing trend in DOH for Green Plains Renewable Energy Inc suggests an improvement in inventory management over the specified period.
Peer comparison
Dec 31, 2024