Green Plains Renewable Energy Inc (GPRE)
Payables 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 |
| Payables | US$ in thousands | 154,817 | 186,643 | 234,301 | 146,063 | 140,058 |
| Payables turnover | 15.04 | 16.63 | 15.04 | 17.97 | 12.94 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,328,350K ÷ $154,817K
= 15.04
The payables turnover for Green Plains Renewable Energy Inc has been showing a positive trend over the years, reflecting the company's ability to efficiently manage its accounts payable.
In 2020, the payables turnover ratio was 12.94, indicating that the company was able to turn over its payables approximately 12.94 times during the year. This ratio improved significantly to 17.97 in 2021, suggesting that the company was able to better manage its suppliers and payment processes.
Although there was a slight decrease in 2022 to 15.04, the ratio bounced back to 16.63 in 2023, indicating that the company continued to effectively manage its payables. By 2024, the payables turnover ratio remained at 15.04, indicating a stable performance in this area.
Overall, the increasing trend in payables turnover from 2020 to 2021 followed by relatively stable levels in the subsequent years demonstrates Green Plains Renewable Energy Inc's efficiency in paying its suppliers and managing its working capital effectively.
Peer comparison
Dec 31, 2024