Green Plains Renewable Energy Inc (GPRE)

Return on assets (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
Net income (ttm)	US$ in thousands	-93,384	-139,233	-235,070	-136,068	-127,218	-98,170	-84,266	-120,921	-65,992	-106,054	-80,918	-98,875	-108,775	-98,894	-103,378	-140,506	-166,860	-73,608	-47,107	-2,759
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
ROA		-4.82%	-7.14%	-11.62%	-6.69%	-5.99%	-4.67%	-3.67%	-5.37%	-3.06%	-5.02%	-4.06%	-5.08%	-6.89%	-6.43%	-6.58%	-8.58%	-9.83%	-4.35%	-2.20%	-0.13%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-93,384K ÷ $1,939,320K
= -4.82%

Green Plains Inc's return on assets (ROA) has been fluctuating over the past eight quarters, ranging from -11.62% to -3.67%. The negative values indicate that the company is not generating a favorable return on its assets during these periods. The decreasing trend in ROA from Q2 2022 to Q2 2023 may suggest that the company's asset utilization and efficiency in generating profits have been deteriorating. It is important for Green Plains Inc to closely monitor and address the factors contributing to the decline in ROA to improve its overall financial performance and efficiency in utilizing its assets.