Green Plains Renewable Energy Inc (GPRE)

Total asset 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
Total assets	US$ in thousands	1,939,320	2,123,130	2,159,760	1,578,920	1,698,220
Total asset turnover		1.70	1.73	1.31	1.22	1.42

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,295,740K ÷ $1,939,320K
= 1.70

Green Plains Inc's total asset turnover has shown fluctuations over the past five years. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets invested.

For Green Plains Inc, the total asset turnover was 1.70 in 2023, a slight decrease from the previous year's ratio of 1.73. This suggests that the company generated $1.70 in revenue for every dollar of assets in 2023, indicating efficient asset utilization.

Comparing to previous years, there was a notable improvement in asset turnover from 2020 to 2021, where the ratio increased from 1.22 to 1.31, indicating improved efficiency in generating revenue from assets. However, in 2022, there was a slight decline before the ratio increased again in 2023.

Overall, Green Plains Inc's total asset turnover has shown some variability in recent years, but the 2023 ratio of 1.70 indicates a relatively efficient use of assets to generate revenue.