Green Plains Renewable Energy Inc (GPRE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	843,733	828,149	777,948	822,988	910,031	962,042	931,173	890,525	950,500	971,429	864,071	787,568	646,852	685,626	741,779	766,020	751,905	792,954	879,129	908,117
ROE		-11.07%	-16.81%	-30.22%	-16.53%	-13.98%	-10.20%	-9.05%	-13.58%	-6.94%	-10.92%	-9.36%	-12.55%	-16.82%	-14.42%	-13.94%	-18.34%	-22.19%	-9.28%	-5.36%	-0.30%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-93,384K ÷ $843,733K
= -11.07%

Green Plains Inc's return on equity (ROE) has fluctuated over the past eight quarters, with negative ROE values in each period. The ROE ranged from -30.22% in Q2 2023 to -9.05% in Q2 2022. This indicates that the company's profitability in generating income from its shareholders' equity has been consistently low or negative during this period. The declining trend in ROE suggests that the company may be facing challenges in efficiently utilizing its equity to generate profits. Further analysis of the company's financial performance and operational efficiency is recommended to identify the root causes of the declining ROE and to implement strategic measures to improve profitability and maximize shareholder value.