Green Plains Renewable Energy Inc (GPRE)
Working capital 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 current assets | US$ in thousands | 569,032 | 732,730 | 928,750 | 1,117,750 | 642,353 |
| Total current liabilities | US$ in thousands | 385,687 | 384,962 | 486,922 | 471,804 | 452,556 |
| Working capital turnover | 13.41 | 9.48 | 8.29 | 4.38 | 10.14 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,458,800K ÷ ($569,032K – $385,687K)
= 13.41
The working capital turnover for Green Plains Renewable Energy Inc has displayed fluctuations over the years, ranging from 4.38 to 13.41. In 2021, the turnover ratio decreased to 4.38 before rebounding in subsequent years. The company's efficiency in managing its working capital improved significantly in 2024, with a turnover ratio of 13.41, indicating that it generated $13.41 in revenue for every dollar of working capital invested. Overall, the trend suggests a generally positive performance in utilizing its working capital to generate sales during the period under review.
Peer comparison
Dec 31, 2024