Green Plains Renewable Energy Inc (GPRE)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		34.59	33.33	23.39	34.21	21.32
DSO	days	10.55	10.95	15.61	10.67	17.12

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 34.59
= 10.55

Green Plains Inc's Days Sales Outstanding (DSO) have fluctuated over the past five years. In 2023, the DSO decreased to 10.55 days from 10.95 days in 2022, indicating an improvement in the company's ability to collect revenue from its customers. This suggests that the company is managing its accounts receivable more efficiently.

Comparing to previous years, the DSO was relatively low in 2020 at 10.67 days, but increased in 2021 to 15.61 days before decreasing again in 2022 and 2023. The increase in DSO in 2021 may raise concerns about the company's credit policies or the efficiency of its collections processes.

Overall, the trend in DSO for Green Plains Inc shows some variability, but the recent decrease in 2023 suggests a positive development in managing receivables. It is important for the company to continue monitoring and improving its DSO to ensure efficient cash flow management and operational effectiveness.