Green Plains Renewable Energy Inc (GPRE)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 2,458,796 2,587,166 2,821,201 3,060,008 3,295,743 3,497,394 3,559,601 3,714,359 3,662,845 3,551,121 3,342,935 3,054,963 2,827,168 2,503,613 2,180,884 1,844,490 1,923,719 2,160,632 2,368,920 2,611,466
Property, plant and equipment US$ in thousands 1,042,460 1,025,450 1,019,360 1,022,040 1,021,930 1,011,290 1,024,560 1,028,490 1,029,330 1,016,350 980,917 940,912 893,517 842,141 808,221 799,546 801,690 858,490 850,369 843,466
Fixed asset turnover 2.36 2.52 2.77 2.99 3.23 3.46 3.47 3.61 3.56 3.49 3.41 3.25 3.16 2.97 2.70 2.31 2.40 2.52 2.79 3.10

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,458,796K ÷ $1,042,460K
= 2.36

The fixed asset turnover ratio of Green Plains Renewable Energy Inc has shown some fluctuations over the past few years. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.

The trend for Green Plains Renewable Energy Inc's fixed asset turnover over the period from March 31, 2020, to December 31, 2024, shows a gradual increase initially, reaching a peak of 3.61 on March 31, 2023. This indicates that the company was generating $3.61 in revenue for every dollar invested in fixed assets at that time.

However, the ratio started declining after March 31, 2023, and dropped to 2.36 on December 31, 2024. This decrease suggests a potential decrease in the efficiency of the company in generating revenue from its fixed assets during this period.

Overall, while there were fluctuations in the fixed asset turnover ratio of Green Plains Renewable Energy Inc, the company was able to maintain a relatively high level of efficiency in utilizing its fixed assets to generate revenue during the period under review. The decreasing trend towards the end of the period may warrant further investigation into the company's asset management strategies to ensure continued efficiency in the future.