Green Plains Renewable Energy Inc (GPRE)

Activity ratios

Short-term

Turnover ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 18.27 17.83 15.17 14.11 16.24 16.35 10.88 9.35 13.43 11.43 8.39 8.10 8.98 13.82 16.26 15.60 11.30 10.46 2.78 1.29
Receivables turnover 34.59 24.31 26.64 34.61 33.33 29.73 20.97 21.41 23.39 27.21 26.80 29.28 34.21 19.22 18.97 34.00 21.32 29.58 20.08 33.22
Payables turnover 16.63 24.18 33.22 27.83 15.04 27.61 24.93 27.17 17.97 21.27 20.47 20.30 14.70 25.41 26.84 31.33 15.16 18.52 16.47 8.47
Working capital turnover 9.48 9.85 11.77 10.56 8.29 6.90 6.53 5.25 4.38 3.51 3.31 3.13 10.14 12.19 12.34 24.83 19.17 16.54 6.61 8.26

The activity ratios of Green Plains Inc provide insights into the efficiency of the company in managing its assets and liabilities.

1. Inventory turnover: Green Plains Inc has shown a consistent improvement in inventory turnover over the quarters, indicating that the company is efficiently selling its inventory. The higher turnover reflects effective inventory management and suggests that the company is minimizing excess inventory levels.

2. Receivables turnover: Green Plains Inc has demonstrated a fluctuating pattern in receivables turnover throughout the quarters. A higher turnover ratio signifies that the company is collecting its receivables quickly, which is a positive indicator of efficient credit management.

3. Payables turnover: The payables turnover ratio has varied significantly over the quarters, suggesting fluctuations in how quickly the company pays its suppliers. A higher turnover ratio may indicate favorable payment terms with suppliers, while a lower ratio could imply a delayed payment strategy.

4. Working capital turnover: Green Plains Inc has shown a generally increasing trend in working capital turnover, indicating improved efficiency in utilizing its working capital to generate sales. A higher ratio implies that the company is effectively managing its working capital to support its operations.

Overall, the analysis of Green Plains Inc's activity ratios highlights its ability to efficiently manage inventory, receivables, payables, and working capital to drive operational performance and financial efficiency.

Average number of days

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Days of inventory on hand (DOH) days 19.98 20.47 24.06 25.88 22.48 22.33 33.54 39.02 27.19 31.94 43.51 45.05 40.66 26.41 22.45 23.40 32.30 34.89 131.27 282.56
Days of sales outstanding (DSO) days 10.55 15.02 13.70 10.55 10.95 12.28 17.41 17.05 15.61 13.41 13.62 12.47 10.67 18.99 19.24 10.74 17.12 12.34 18.17 10.99
Number of days of payables days 21.95 15.09 10.99 13.12 24.26 13.22 14.64 13.43 20.31 17.16 17.83 17.98 24.83 14.36 13.60 11.65 24.08 19.71 22.16 43.11

Green Plains Inc's activity ratios can provide insights into the efficiency of its operations.

1. Days of Inventory on Hand (DOH): The company's average days of inventory on hand have shown some fluctuation over the past eight quarters, ranging from 22.70 days to 39.67 days. A lower DOH indicates that the company is selling its inventory more quickly, which can be a positive sign of efficiency in managing inventory levels.

2. Days of Sales Outstanding (DSO): Green Plains Inc's days of sales outstanding have varied over the quarters, with the lowest at 10.55 days and the highest at 17.41 days. A lower DSO suggests that the company is collecting its accounts receivable faster, which can improve its cash flow and liquidity.

3. Number of Days of Payables: The number of days of payables have also fluctuated, ranging from 10.99 days to 24.26 days. A higher number of days of payables can indicate that the company is taking longer to pay its suppliers, which may be beneficial for managing cash flow.

Overall, analyzing these activity ratios in conjunction can provide a more holistic view of Green Plains Inc's operational efficiency and effectiveness in managing its working capital.

Long-term

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Fixed asset turnover 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 2.92 2.82 2.80 2.98
Total asset turnover 1.70 1.79 1.76 1.83 1.73 1.69 1.46 1.36 1.31 1.18 1.09 0.95 1.22 1.41 1.51 1.59 1.42 1.35 1.14 1.22

Long-term activity ratios provide insights into a company's efficiency in managing its assets to generate sales revenue.

The fixed asset turnover ratio measures how effectively a company utilizes its fixed assets to generate sales. In the case of Green Plains Inc, the fixed asset turnover ratio has been consistently above 3 in all quarters, with a slight fluctuation. This indicates that Green Plains Inc is efficiently utilizing its fixed assets to generate sales, with a higher ratio indicating better performance. The company's ability to generate revenue from its fixed assets has been relatively stable over the quarters, reflecting efficient asset management.

The total asset turnover ratio, on the other hand, reflects the company's overall efficiency in generating sales revenue from all its assets. Green Plains Inc's total asset turnover ratio has shown a general increasing trend from Q1 2022 to Q4 2023. The ratio has improved from 1.36 in Q1 2022 to 1.70 in Q4 2023, indicating that the company is becoming more efficient in utilizing its total assets to generate sales revenue.

Overall, the trend in both fixed asset turnover and total asset turnover ratios for Green Plains Inc suggests a positive picture of the company's operational efficiency in utilizing its assets to drive revenue growth over the analyzed period.