Green Plains Renewable Energy Inc (GPRE)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,458,800	3,295,740	3,662,850	2,827,170	1,923,720
Receivables	US$ in thousands	94,901	95,268	109,896	120,872	56,229
Receivables turnover		25.91	34.59	33.33	23.39	34.21

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,458,800K ÷ $94,901K
= 25.91

The receivables turnover ratio for Green Plains Renewable Energy Inc has shown some fluctuations over the past five years. In December 31, 2020, the ratio was 34.21, indicating that the company collected its accounts receivable approximately 34 times during that year. However, by December 31, 2021, the ratio dropped to 23.39, suggesting a decrease in the efficiency of collecting outstanding payments from customers.

There was a notable improvement in the receivables turnover ratio by December 31, 2022, reaching 33.33, which indicates a quicker collection of receivables compared to the previous year. This positive trend continued in December 31, 2023, with a ratio of 34.59, demonstrating an even higher turnover of receivables.

Unfortunately, by December 31, 2024, there was a decrease in the receivables turnover ratio to 25.91, reflecting a slower rate of collection compared to the previous year. It is important for Green Plains Renewable Energy Inc to closely monitor this ratio to ensure efficient management of its accounts receivable and maintain healthy cash flows.