Green Plains (Green Plains) Total Inventories

: $216 Mil (As of Dec. 2023)

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Green Plains's total inventories for the quarter that ended in Dec. 2023 was $216 Mil. Green Plains's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $212 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Green Plains's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-9.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Plains's Days Inventory for the three months ended in Dec. 2023 was 30.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Plains's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.98.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Green Plains's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Green Plains Total Inventories Historical Data

The historical data trend for Green Plains's Total Inventories 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.

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Green Plains Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

252.99

269.49

267.84

278.95

215.81

Green Plains Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																278.95	279.71	257.65	208.06	215.81

Green Plains Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Green Plains (NAS:GPRE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Green Plains's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(349.574	+	0.75 * 94.446	+	0.5 * 215.81	-	949.266
-	0	-	146.323)	/	59.5216
=	-9.53

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Green Plains's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	211.9355	/	632.443	*	365 / 4
	=	30.58

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Green Plains's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	632.443	/	211.9355
	=	2.98

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Green Plains's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	211.9355	/	712.392
	=	0.30

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Green Plains Total Inventories Related Terms

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Green Plains (Green Plains) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Plains Inc (NAS:GPRE) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

G3V:Germany G3V:Germany

Address

1811 Aksarben Drive, Omaha, NE, USA, 68106

Website

https://www.gpreinc.com

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.

Executives

Todd A Becker	officer: President and CEO	1811 AKSARBEN DRIVE, OMAHA NE 68106
James D Anderson	director	1811 AKSARBEN DRIVE, OMAHA NE 68106
Van Der Meulen Leslie	officer: EVP Product Mktg & Innovation	1811 AKSARBEN DRIVE, OMAHA NE 68106
Alain Treuer	director	9420 UNDERWOOD AVE., SUITE 100, OMAHA NE 68114
Michelle Mapes	officer: Exe VP, Gen Counsel & Corp Sec	1811 AKSARBEN DRIVE, OMAHA NE 68106
Brian Peterson	director	1739 CHARLES AVE., LAWTON IA 51030
Knudsen Ejnar A Iii	director	1811 AKSARBEN DRIVE, OMAHA NE 68106
Chris Osowski	officer: EVP Operations and Technology	1811 AKSARBEN DRIVE, OMAHA NE 68106
James E Stark	officer: Chief Financial Officer	1811 AKSARBEN DRIVE, OMAHA NE 68106
Herbert James F Ii	officer: Chief Human Resources Officer	1811 AKSARBEN DRIVE, OMAHA NE 68106
Grant D Kadavy	officer: EVP Commercial Operations	1811 AKSARBEN DRIVE, OMAHA NE 68106
Paul E Kolomaya	officer: EVP - Commodity Finance	1811 AKSARBEN DRIVE, OMAHA NE 68106
Farha Aslam	director	1770 N PROMOTORY CIRCLE, GREELEY CO 80634
Hagstrom William J. Iii	officer: EVP Strategy and Development	1811 AKSARBEN DR, OMAHA NE 68106
Martin Salinas	director	1001 NOBLE ENERGY WAY, HOUSTON TX 77070