Green Plains Renewable Energy Inc (GPRE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 843,733 | 910,031 | 950,500 | 646,852 | 751,905 |
| ROE | -11.07% | -13.98% | -6.94% | -16.82% | -22.19% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-93,384K ÷ $843,733K
= -11.07%
Green Plains Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. In 2023, the ROE improved slightly to -11.07%, compared to the previous year's -13.98%. However, the company's ROE has been negative in all the years analyzed, indicating that the company's net income has not been sufficient to generate returns for its shareholders' equity. This suggests that Green Plains Inc has struggled to effectively utilize its equity to generate profitability. The declining trend in ROE from 2019 to 2022, reaching a low of -22.19% in 2019, highlights the company's ongoing challenges in generating profits relative to its shareholders' investments. Overall, Green Plains Inc's negative ROE indicates that there may be underlying issues impacting the company's profitability and efficiency in utilizing its equity capital.
Peer comparison
Dec 31, 2023