Green Plains Renewable Energy Inc (GPRE)

Operating 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
Operating income (ttm)	US$ in thousands	-61,578	-100,853	-183,907	-107,586	-98,948	-68,138	-50,933	-53,741	25,508	-17,090	13,380	-37,021	-122,696	-102,823	-130,983	-158,260	-142,570	-24,720	13,860	64,101
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
Operating profit margin		-1.87%	-2.88%	-5.17%	-2.90%	-2.70%	-1.92%	-1.52%	-1.76%	0.90%	-0.68%	0.61%	-2.01%	-6.38%	-4.76%	-5.53%	-6.06%	-5.90%	-1.08%	0.57%	2.45%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-61,578K ÷ $3,295,743K
= -1.87%

The operating profit margin of Green Plains Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin was -2.03%, which improved from the preceding quarter's -3.05%. However, it is still negative, indicating that the company's operating expenses exceeded its operating income. The downward trend in operating profit margins from Q2 2022 (-1.42%) to Q2 2023 (-5.17%) suggests that the company may be facing challenges in controlling costs or generating higher revenues. Further analysis of the company's operational efficiency and cost management strategies may be required to improve its profitability in the future.