Green Plains Renewable Energy Inc (GPRE)

Liquidity ratios

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
Current ratio 1.48 1.78 1.68 1.75 1.90 1.88 1.59 1.73 1.91 2.22 1.79 2.00 2.37 2.76 2.78 2.40 1.42 1.53 1.59 1.23
Quick ratio 0.69 0.96 0.90 0.97 1.16 1.17 0.87 0.96 1.14 1.34 1.07 1.17 1.42 1.69 1.56 1.21 0.65 1.01 0.89 0.59
Cash ratio 0.45 0.72 0.60 0.71 0.91 0.81 0.61 0.74 0.91 1.06 0.82 0.92 1.17 1.46 1.34 1.06 0.53 0.68 0.50 0.42

The current ratio of Green Plains Renewable Energy Inc has shown fluctuation over the years but generally indicates the company's ability to cover its short-term obligations with its current assets. It increased from 1.23 as of March 31, 2020, to a peak of 2.78 as of June 30, 2021, before slightly decreasing to 1.48 as of December 31, 2024. This suggests improved liquidity during the analyzed period.

The quick ratio also reflects the company's liquidity position, excluding inventory from current assets. It ranged from 0.59 on March 31, 2020, to a high of 1.69 on September 30, 2021, indicating a positive trend in the company's ability to meet short-term obligations without relying on inventory.

The cash ratio, which measures the company's ability to cover current liabilities with cash and cash equivalents, has generally trended upwards, from 0.42 on March 31, 2020, to 0.45 on December 31, 2024. This shows an improvement in Green Plains Renewable Energy Inc's cash position over the analyzed period.

Overall, the liquidity ratios of Green Plains Renewable Energy Inc demonstrate a generally positive trend, indicating an improved ability to meet short-term obligations and suggesting a healthy liquidity position over the years.

Additional liquidity measure

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
Cash conversion cycle days 17.87 18.77 21.55 15.92 8.58 20.39 26.77 23.30 9.17 21.38 36.31 42.64 22.48 28.20 39.29 39.53 26.50 31.04 28.09 22.49

The cash conversion cycle of Green Plains Renewable Energy Inc fluctuated over the years based on the data provided. It measures the length of time, in days, it takes a company to convert its investments in inventory and other inputs into cash flows from sales. A shorter cash conversion cycle indicates efficiency in managing working capital and converting inventory into cash quickly.

In the case of Green Plains Renewable Energy Inc, the cash conversion cycle ranged from a high of 42.64 days on March 31, 2022, to a low of 8.58 days on December 31, 2023. Generally, a decreasing trend in the cash conversion cycle is favorable as it implies faster conversion of resources to cash. Notably, the company managed to significantly reduce its cash conversion cycle from March 31, 2022, to December 31, 2023, demonstrating commendable efficiency in working capital management during that period.

It is crucial to monitor changes in the cash conversion cycle regularly as it provides insights into the company's operational efficiency in handling its inventories, receivables, and payables. Optimal management of the cash conversion cycle is essential for maintaining liquidity, managing cash flows effectively, and generating sustainable profitability for the organization.