The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Green Plains's Revenue for the
three
months ended in Dec. 2023 was $712 Mil. Green Plains's average Accounts Receivable for the
three
months ended in Dec. 2023 was $119 Mil.
Hence, Green Plains's Receivables Turnover for the
three
months ended in Dec. 2023 was 6.01.
Green Plains Receivables Turnover Historical Data
The historical data trend for Green Plains's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Green Plains's Receivables Turnover
For the Chemicals subindustry, Green Plains's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Green Plains's Receivables Turnover Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Green Plains's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Green Plains's Receivables Turnover falls into.
Green Plains Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Green Plains's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Green Plains (NAS:GPRE) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Green Plains Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Green Plains's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Plains Inc manufactures and sells ethanol and ethanol byproducts in three segments based on function. The ethanol production segment, which generates the majority of revenue, includes the production of ethanol, grains, and corn oil. The agribusiness and energy services segment includes the grain procurement and commodity marketing business, which markets, sells, and distributes ethanol, distillers grains, and corn oil. The partnership segment provides fuel storage and transportation services.
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