South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Receivables Turnover : 3.65 (As of Mar. 2024)

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What is South Dakota Soybean Processors LLC Receivables Turnover?

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. South Dakota Soybean Processors LLC's Revenue for the three months ended in Mar. 2024 was $148.26 Mil. South Dakota Soybean Processors LLC's average Accounts Receivable for the three months ended in Mar. 2024 was $40.62 Mil. Hence, South Dakota Soybean Processors LLC's Receivables Turnover for the three months ended in Mar. 2024 was 3.65.

South Dakota Soybean Processors LLC Receivables Turnover Historical Data

The historical data trend for South Dakota Soybean Processors LLC'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.

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South Dakota Soybean Processors LLC Receivables Turnover Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

16.14

18.02

16.15

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						4.04	4.18	3.62	3.58	3.65

Competitive Comparison of South Dakota Soybean Processors LLC's Receivables Turnover

For the Packaged Foods subindustry, South Dakota Soybean Processors LLC'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.

South Dakota Soybean Processors LLC's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, South Dakota Soybean Processors LLC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where South Dakota Soybean Processors LLC's Receivables Turnover falls into.

South Dakota Soybean Processors LLC Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

South Dakota Soybean Processors LLC's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	703.148	/ (	(43.518	+	43.549)	/	2 )
=	703.148	/	43.5335
=	16.15

South Dakota Soybean Processors LLC's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	148.261	/ (	(43.549	+	37.699)	/	2 )
=	148.261	/	40.624
=	3.65

South Dakota Soybean Processors LLC (OTCPK:SDSYA) 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.

South Dakota Soybean Processors LLC Receivables Turnover Related Terms

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South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » South Dakota Soybean Processors LLC (OTCPK:SDSYA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Caspian Avenue, PO Box 500, Volga, SD, USA, 57071

Website

https://www.sdsbp.com

South Dakota Soybean Processors LLC owns and operates a soybean processing plant and a soybean oil refinery. It is engaged in processing locally grown soybeans into soybean meal and soybean oil. The company offers the soybean meal to resellers, feed mills, and livestock producers as livestock feed. The Company principally generate revenue from merchandising and transporting manufactured agricultural products used as ingredients in food, feed, energy and industrial products. The Company generates most of its revenue by selling soybean meals in USA.

South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Headlines

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