Green Plains Renewable Energy Inc (GPRE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.04 | 16.63 | 15.04 | 17.97 | 12.94 | |
| Number of days of payables | days | 24.27 | 21.95 | 24.26 | 20.31 | 28.21 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.04
= 24.27
The number of days of payables for Green Plains Renewable Energy Inc has shown fluctuations over the past five years. It decreased from 28.21 days as of December 31, 2020, to 20.31 days as of December 31, 2021, indicating that the company took fewer days to pay its suppliers or creditors in 2021. However, there was a slight increase in the number of days of payables to 24.26 days as of December 31, 2022, before dropping again to 21.95 days as of December 31, 2023.
As of December 31, 2024, the number of days of payables for Green Plains Renewable Energy Inc was 24.27 days, slightly higher than the previous year. This suggests that the company's payment practices to suppliers or creditors have been relatively stable over the past five years, with some variations in the speed of payment but ultimately within a reasonable range. A lower number of days of payables may indicate more efficient cash management, while a higher number may imply a reliance on trade credit or delayed payments to suppliers.
Peer comparison
Dec 31, 2024