Green Plains Renewable Energy Inc (GPRE)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -99,038 | -139,730 | -229,667 | -126,751 | -122,483 | -93,569 | -77,758 | -122,108 | -64,126 | -110,869 | -78,440 | -103,097 | -159,197 | -127,880 | -152,229 | -193,179 | -188,176 | -99,981 | -75,856 | -28,684 |
| 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 |
| Pretax margin | -3.01% | -4.00% | -6.45% | -3.41% | -3.34% | -2.63% | -2.33% | -4.00% | -2.27% | -4.43% | -3.60% | -5.59% | -8.28% | -5.92% | -6.43% | -7.40% | -7.78% | -4.38% | -3.11% | -1.10% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-99,038K ÷ $3,295,743K
= -3.01%
Green Plains Inc's pretax margin has shown some variability over the past eight quarters. The pretax margin indicates the company's efficiency in controlling expenses relative to its revenues before accounting for taxes. In Q4 2023, the pretax margin stood at -2.49%, a slight improvement from the previous quarter's -3.46%. However, it has been negative for the past several quarters, indicating that the company's expenses have been outpacing its revenues consistently.
The downward trend in pretax margin since Q2 2022, where it was at its peak of -1.64%, is a cause for concern as it suggests that the company may be facing challenges in managing costs or generating sufficient revenues to cover its operating expenses. These declining pretax margins could potentially impact the company's profitability and overall financial health.
It is important for Green Plains Inc to closely monitor its expenses and revenue generation strategies to improve its pretax margin and work towards achieving a positive margin in the future quarters.
Peer comparison
Dec 31, 2023