Green Plains Renewable Energy Inc (GPRE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -93,384 | -127,218 | -65,992 | -108,775 | -166,860 |
| Total assets | US$ in thousands | 1,939,320 | 2,123,130 | 2,159,760 | 1,578,920 | 1,698,220 |
| ROA | -4.82% | -5.99% | -3.06% | -6.89% | -9.83% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-93,384K ÷ $1,939,320K
= -4.82%
Green Plains Inc's return on assets (ROA) has fluctuated over the past five years. The company experienced negative ROA figures in each year, with the ROA ranging from -9.83% in 2019 to -3.06% in 2021. The decreasing trend in ROA from 2020 to 2021 indicates an improvement in the company's ability to generate profits from its assets. However, the negative ROA values suggest that Green Plains Inc is not efficiently utilizing its assets to generate profits for its shareholders. Further analysis of the company's operating efficiency, asset management, and profitability would be required to understand the underlying factors driving these ROA figures and to assess the company's overall financial health.
Peer comparison
Dec 31, 2023