Green Plains Renewable Energy Inc (GPRE)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	2,417,238	2,285,069	2,441,767	2,618,906
Receivables	US$ in thousands	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	113,399	77,255	121,579	78,826
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,295,743K ÷ $95,268K
= 34.59

The receivables turnover ratio of Green Plains Inc has varied over the past eight quarters, ranging from as low as 20.97 in Q2 2022 to as high as 34.61 in Q1 2023. The average receivables turnover ratio for this period is approximately 28.70. This ratio measures how many times a company's receivables are collected and replaced during a specific period, indicating the efficiency of its accounts receivable management. A higher receivables turnover ratio suggests that the company is effectively collecting payments from its customers, while a lower ratio may imply issues with credit policies or collection efforts. Green Plains Inc shows a generally healthy trend in receivables turnover, with some fluctuations, which may be influenced by factors such as sales volume, credit terms, and industry conditions.