Green Plains Renewable Energy Inc (GPRE)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	130,450	204,248	200,901	178,549	170,873	130,636	53,994	129,603	137,838	154,156	172,648	166,578	202,059	328,085	301,915	204,140	111,565	-85,413	-112,004	-132,385
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
Gross profit margin		5.31%	7.89%	7.12%	5.83%	5.18%	3.74%	1.52%	3.49%	3.76%	4.34%	5.16%	5.45%	7.15%	13.10%	13.84%	11.07%	5.80%	-3.95%	-4.73%	-5.07%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $130,450K ÷ $2,458,796K
= 5.31%

Green Plains Renewable Energy Inc's gross profit margin has shown fluctuations over the past few years. The company experienced negative gross profit margins in the first half of 2020, indicating that its cost of goods sold exceeded its revenue during that period. However, the margin turned positive in the latter half of 2020 and continued to improve into 2021.

From March 2021 to June 2022, the gross profit margin steadily increased, reaching a peak of 13.84% in June 2021. This strong performance suggested that the company was effectively controlling its production costs and generating healthy profits from its core operations.

However, starting from September 2022, the gross profit margin began to decline gradually, dropping to 1.52% by June 2023. This downward trend could be a concern as it might indicate increasing production costs or pricing pressures affecting the company's profitability.

By the end of 2024, the gross profit margin had recovered slightly to 5.31%, but it remained below the peak levels seen in mid-2021. Overall, Green Plains Renewable Energy Inc's gross profit margin trended positively initially, but then faced challenges in maintaining high profitability levels in the later period. Further analysis of the company's cost structure and revenue streams would be needed to understand the underlying factors driving these fluctuations in the gross profit margin.