Green Plains Renewable Energy Inc (GPRE)

Total asset 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
Total assets US$ in thousands 1,782,170 1,759,950 1,763,600 1,799,440 1,939,320 1,951,140 2,022,800 2,034,830 2,123,130 2,101,540 2,296,010 2,252,500 2,159,760 2,113,200 1,992,950 1,944,630 1,578,920 1,537,420 1,571,080 1,638,100
Total asset turnover 1.38 1.47 1.60 1.70 1.70 1.79 1.76 1.83 1.73 1.69 1.46 1.36 1.31 1.18 1.09 0.95 1.22 1.41 1.51 1.59

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,458,796K ÷ $1,782,170K
= 1.38

The total asset turnover ratio of Green Plains Renewable Energy Inc has exhibited fluctuations over the period analyzed. From March 31, 2020, to June 30, 2022, the total asset turnover generally showed an increasing trend, indicating that the company was able to generate more revenue relative to its total assets. However, there was a notable decrease in the ratio from March 31, 2021, to June 30, 2021, which could imply a potential decrease in efficiency in asset utilization during that period.

Subsequently, the ratio fluctuated between September 30, 2021, and June 30, 2024. Notably, there was a peak in the total asset turnover on March 31, 2024, at 1.83, indicating a significant increase in revenue generated per unit of total assets. However, this peak was followed by a decline in the ratio in the following quarters.

In conclusion, Green Plains Renewable Energy Inc's total asset turnover ratio has experienced fluctuations, suggesting varying levels of efficiency in utilizing its assets to generate revenue during the analyzed periods. Further analysis of the company's operational and financial performance may be needed to understand the factors influencing these fluctuations.