Green Plains Renewable Energy Inc (GPRE)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	1,939,320	1,951,140	2,022,800	2,034,830	2,123,130	2,101,540	2,296,010	2,252,500	2,159,760	2,113,200	1,992,950	1,944,630	1,578,920	1,537,420	1,571,080	1,638,100	1,698,220	1,692,070	2,140,730	2,147,580
Operating ROA		-3.18%	-5.17%	-9.09%	-5.29%	-4.66%	-3.24%	-2.22%	-2.39%	1.18%	-0.81%	0.67%	-1.90%	-7.77%	-6.69%	-8.34%	-9.66%	-8.40%	-1.46%	0.65%	2.98%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-61,578K ÷ $1,939,320K
= -3.18%

The operating return on assets (operating ROA) for Green Plains Inc has exhibited a fluctuating trend over the past eight quarters. The values have ranged from -9.09% in Q2 2023 to -2.06% in Q1 2022.

The company's operating ROA has mostly been negative, indicating that its operating income generated from its assets has not been sufficient in generating positive returns. This suggests operational inefficiencies or challenges in effectively utilizing its assets to generate profits during these periods.

The decreasing trend from Q2 2022 to Q2 2023, with the lowest point at -9.09% in Q2 2023, raises concerns about the company's ability to improve its operational performance and profitability. This downward trend may indicate potential issues with cost management, revenue generation, or overall operational effectiveness within the company.

Further analysis and investigation into the company's operational strategies, asset utilization, and cost structures would be recommended to address the declining trend in operating ROA and potentially improve the company's financial performance going forward.