Green Plains Renewable Energy Inc (GPRE)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		18.27	17.83	15.17	14.11	16.24	16.35	10.88	9.35	13.43	11.43	8.39	8.10	8.98	13.82	16.26	15.60	11.30	10.46	2.78	1.29
DOH	days	19.98	20.47	24.06	25.88	22.48	22.33	33.54	39.02	27.19	31.94	43.51	45.05	40.66	26.41	22.45	23.40	32.30	34.89	131.27	282.56

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.27
= 19.98

Green Plains Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 25.38 days of inventory on hand, a decrease from the previous quarter's figure of 22.70 days. This suggests that the company was more efficient in managing its inventory levels during this period.

Looking back over the past two years, Green Plains Inc's DOH ranged from a high of 39.67 days in Q1 2022 to a low of 22.70 days in Q3 2023. The significant decrease in DOH from Q1 2022 to Q3 2023 indicates an improvement in inventory management efficiency during this period.

While some fluctuations are observed quarter to quarter, it is essential to monitor trends over time to assess the company's overall inventory management practices. A decreasing trend in DOH generally indicates that the company is selling its inventory more quickly, which can lead to lower storage costs and potentially higher profitability. Conversely, a significant increase in DOH may signal potential issues with sales, demand forecasting, or inventory control.