Green Plains Renewable Energy Inc (GPRE)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	3,295,740	3,662,850	2,827,170	1,923,720	2,417,240
Receivables	US$ in thousands	95,268	109,896	120,872	56,229	113,399
Receivables turnover		34.59	33.33	23.39	34.21	21.32

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $3,295,740K ÷ $95,268K
= 34.59

The receivables turnover ratio for Green Plains Inc has shown fluctuations over the past five years. In 2023, the company's receivables turnover ratio was 34.59, indicating that the company collected its accounts receivable approximately 34.59 times during the year. This represents a slight improvement compared to the previous year.

A higher receivables turnover ratio suggests that the company is more efficient in collecting outstanding receivables from customers. Green Plains Inc's 2023 receivables turnover ratio of 34.59 indicates that the company has been effective in managing its accounts receivable collection process.

Overall, the trend in Green Plains Inc's receivables turnover ratios over the past five years suggests a level of consistency and efficiency in managing its accounts receivable, with higher ratios indicating improved collection performance. However, it is important to consider other factors and industry benchmarks to gain a comprehensive understanding of the company's receivables management effectiveness.