Green Plains Renewable Energy Inc (GPRE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,458,800 | 3,295,740 | 3,662,850 | 2,827,170 | 1,923,720 |
| Property, plant and equipment | US$ in thousands | 1,042,460 | 1,021,930 | 1,029,330 | 893,517 | 801,690 |
| Fixed asset turnover | 2.36 | 3.23 | 3.56 | 3.16 | 2.40 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,458,800K ÷ $1,042,460K
= 2.36
The fixed asset turnover ratio of Green Plains Renewable Energy Inc has shown fluctuations over the past five years. It increased from 2.40 in December 2020 to 3.56 in December 2022, indicating that the company generated $3.56 in revenue for every dollar invested in fixed assets during that year. However, in December 2023, the ratio slightly declined to 3.23, before decreasing more significantly to 2.36 by December 2024.
Overall, the trend in fixed asset turnover suggests that Green Plains Renewable Energy Inc has been able to efficiently utilize its fixed assets to generate revenue, although there has been some variability in the ratio over the years. It is important for the company to closely monitor and manage its fixed asset investments to maintain and improve efficiency in the utilization of these assets.
Peer comparison
Dec 31, 2024