Green Plains Renewable Energy Inc (GPRE)

Receivables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 2,458,796 2,587,166 2,821,201 3,060,008 3,295,743 3,497,394 3,559,601 3,714,359 3,662,845 3,551,121 3,342,935 3,054,963 2,827,168 2,503,613 2,180,884 1,844,490 1,923,719 2,160,632 2,368,920 2,611,466
Receivables US$ in thousands 94,901 75,475 100,139 88,272 95,268 143,887 133,635 107,317 109,896 119,434 159,430 142,687 120,872 92,003 81,385 63,002 56,229 112,411 124,899 76,814
Receivables turnover 25.91 34.28 28.17 34.67 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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,458,796K ÷ $94,901K
= 25.91

The receivables turnover ratio of Green Plains Renewable Energy Inc has shown fluctuations over the past few years, ranging from a low of 18.97 in June 2020 to a high of 34.67 in March 2024.

The ratio indicates the number of times a company collects its average accounts receivable balance during a specific period. A higher receivables turnover ratio is generally favorable as it suggests that the company efficiently collects payments from its customers.

In the last reported period, December 31, 2024, the receivables turnover ratio was 25.91. This implies that on average, Green Plains Renewable Energy Inc collected its outstanding accounts receivable approximately 25.91 times during the year.

Overall, the company has experienced variability in its receivables turnover ratio, which may indicate shifts in its credit policies, customer payment behavior, or overall efficiency in managing accounts receivable. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.