Green Plains Renewable Energy Inc (GPRE)

Days of sales outstanding (DSO)

		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
Receivables turnover		34.59	24.31	26.64	34.61	33.33	29.73	20.97	21.41	23.39	27.21	26.80	29.28	34.21	19.22	18.97	34.00	21.32	29.58	20.08	33.22
DSO	days	10.55	15.02	13.70	10.55	10.95	12.28	17.41	17.05	15.61	13.41	13.62	12.47	10.67	18.99	19.24	10.74	17.12	12.34	18.17	10.99

December 31, 2023 calculation

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

To analyze Green Plains Inc's Days Sales Outstanding (DSO) over the given quarters, we observe that the DSO fluctuates over the periods under consideration.

In Q4 2023, the DSO was 10.55 days, reflecting a relatively efficient collection of accounts receivable compared to the previous quarter where it stood at 15.02 days in Q3 2023. This improvement suggests that the company might have streamlined its credit and collection processes, leading to quicker conversion of sales into cash.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight decrease from 10.95 days to 10.55 days, indicating a stable performance in managing accounts receivable over the year.

In Q2 2023 and Q1 2023, the DSO figures were 13.70 days and 10.55 days, respectively. The DSO increased in Q2 2023 from the previous quarter, signaling a potential delay in collecting payments, but then decreased in Q1 2023, showing improvement in collections efficiency.

Looking at Q3 2022 and Q2 2022, there was a decrease in DSO from 17.41 days to 12.28 days, suggesting significant progress in collecting outstanding invoices more promptly.

Overall, Green Plains Inc's DSO has shown variability in the past eight quarters, indicating fluctuations in accounts receivable management. The company seemed to have effectively managed its collections process in certain quarters, but there were also periods of slower collection cycles. Monitoring DSO trends can provide insights into the company's liquidity and efficiency in collecting receivables.