Green Plains Renewable Energy Inc (GPRE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,328,350 | 3,103,840 | 3,525,010 | 2,625,110 | 1,812,160 |
| Inventory | US$ in thousands | 178,944 | 169,912 | 217,065 | 195,518 | 229,344 |
| Inventory turnover | 13.01 | 18.27 | 16.24 | 13.43 | 7.90 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,328,350K ÷ $178,944K
= 13.01
The inventory turnover ratio for Green Plains Renewable Energy Inc has shown a positive trend over the past five years, increasing from 7.90 in December 31, 2020 to 13.01 in December 31, 2024. This suggests that the company is managing its inventory more efficiently as it takes less time to sell and replace its inventory.
The sharp increase in inventory turnover from 2020 to 2024 indicates that Green Plains Renewable Energy Inc is selling its inventory at a faster rate, which could be a sign of effective inventory management and stronger sales performance. However, the slight dip in inventory turnover in 2024 compared to 2023 could merit further investigation to ensure continued efficiency in inventory management.
Overall, the increasing trend in inventory turnover reflects positively on the company's operational efficiency and its ability to effectively manage and sell its inventory.
Peer comparison
Dec 31, 2024