Green Plains Renewable Energy Inc (GPRE)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	191,905	151,668	68,317	136,856	137,838	154,156	172,648	166,578	202,059	328,085	301,915	204,140	111,565	-85,413	-112,004	-132,385	511,353	633,516	1,606,698	2,562,234
Revenue (ttm)	US$ in thousands	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	2,417,238	2,285,069	2,441,767	2,618,906
Gross profit margin		5.82%	4.34%	1.92%	3.68%	3.76%	4.34%	5.16%	5.45%	7.15%	13.10%	13.84%	11.07%	5.80%	-3.95%	-4.73%	-5.07%	21.15%	27.72%	65.80%	97.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $191,905K ÷ $3,295,743K
= 5.82%

Green Plains Inc's gross profit margin has exhibited fluctuations over the past eight quarters. In Q4 2023, the gross profit margin stood at 5.82%, representing an increase from the previous quarter's 4.34%. However, it is worth noting that Q2 2023 had the lowest gross profit margin at 1.92% during this period. The company's performance in Q4 2022 and Q1 2022 showed relatively stable gross profit margins around the 5% mark, while Q3 2022 had a similar margin to Q3 2023 at 4.34%. Overall, the variations in Green Plains Inc's gross profit margin suggest changes in its cost of goods sold and sales revenue, highlighting the importance of monitoring and analyzing this metric for a deeper understanding of the company's financial health.