Green Plains Renewable Energy Inc (GPRE)

Total asset 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
Total assets	US$ in thousands	1,782,170	1,939,320	2,123,130	2,159,760	1,578,920
Total asset turnover		1.38	1.70	1.73	1.31	1.22

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,458,800K ÷ $1,782,170K
= 1.38

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its total assets. In the case of Green Plains Renewable Energy Inc, the trend in total asset turnover over the past five years has been fluctuating.

In December 2020, the total asset turnover was 1.22, indicating that the company generated $1.22 in revenue for every dollar of total assets. This ratio improved to 1.31 by December 2021, suggesting that the company became more efficient in utilizing its assets to generate sales.

However, there was a significant increase in total asset turnover to 1.73 by December 2022, indicating a substantial improvement in the company's efficiency in generating revenue from its assets. This suggests that Green Plains Renewable Energy Inc effectively utilized its assets to drive sales during that period.

Towards the end of 2023, the total asset turnover slightly decreased to 1.70, still showing good efficiency in asset utilization. By December 2024, the total asset turnover decreased to 1.38, signifying a drop in the company's ability to generate revenue from its total assets compared to the previous year.

Overall, the fluctuating trend in total asset turnover for Green Plains Renewable Energy Inc indicates variations in the company's efficiency in utilizing its assets to generate revenue over the five-year period. Further analysis and comparison with industry benchmarks could provide additional insights into the company's operational performance.