Green Plains Renewable Energy Inc (GPRE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 191,905 | 137,838 | 202,059 | 111,556 | -116,913 |
| Revenue | US$ in thousands | 3,295,740 | 3,662,850 | 2,827,170 | 1,923,720 | 2,417,240 |
| Gross profit margin | 5.82% | 3.76% | 7.15% | 5.80% | -4.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $191,905K ÷ $3,295,740K
= 5.82%
The gross profit margin of Green Plains Inc has shown fluctuating trends over the past five years. In 2023, the gross profit margin stood at 5.82%, indicating that for every dollar of revenue generated, the company retained $0.0582 as gross profit after deducting the cost of goods sold. This represents an improvement compared to 2022 when the margin was 3.76%. The peak gross profit margin of 7.15% was observed in 2021, reflecting an efficient management of production costs. In contrast, the margins in 2020 and 2019 were relatively lower at 5.80% and 1.34%, respectively, suggesting potential challenges in cost management during those years. Overall, the trend in the gross profit margin of Green Plains Inc indicates varying levels of profitability and cost efficiency over the analyzed period.
Peer comparison
Dec 31, 2023