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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Green Plains's annualized Net Income for the quarter that ended in Mar. 2024 was $-206 Mil. Green Plains's average total tangible assets for the quarter that ended in Mar. 2024 was $1,869 Mil. Therefore, Green Plains's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -11.00%.
The historical rank and industry rank for Green Plains's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Green Plains's highest Return-on-Tangible-Asset was 9.75%. The lowest was -8.52%. And the median was -1.57%.
The historical data trend for Green Plains's Return-on-Tangible-Asset 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.
Green Plains Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -8.52 | -6.64 | -3.53 | -5.94 | -4.60 |
Green Plains Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -13.53 | -10.37 | 4.49 | 1.49 | -11.00 |
For the Chemicals subindustry, Green Plains's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Chemicals industry and Basic Materials sector, Green Plains's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Green Plains's Return-on-Tangible-Asset falls into.
Green Plains's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -93.384 | / | ( (2123.131 | + | 1939.322) | / 2 ) | |
= | -93.384 | / | 2031.2265 | ||||
= | -4.60 % |
Green Plains's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -205.648 | / | ( (1939.322 | + | 1799.435) | / 2 ) | |
= | -205.648 | / | 1869.3785 | ||||
= | -11.00 % |
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Green Plains (NAS:GPRE) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Green Plains's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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