Green Plains Renewable Energy Inc (GPRE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.63 | 15.04 | 17.97 | 12.94 | 16.17 | |
| Number of days of payables | days | 21.95 | 24.26 | 20.31 | 28.21 | 22.57 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.63
= 21.95
The number of days of payables for Green Plains Inc has shown variability over the past five years. In 2023, the company took on average around 21.95 days to pay its creditors, which is lower compared to the previous year. This indicates that Green Plains Inc is managing its accounts payable more efficiently in 2023. However, it is essential to note that the number of days of payables can fluctuate due to various factors such as changes in payment terms, supplier relationships, and business operations. Overall, a lower number of days of payables suggests that the company is potentially improving its cash flow management and working capital efficiency.
Peer comparison
Dec 31, 2023