South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Cash, Cash Equivalents, Marketable Securities : $72.91 Mil (As of Dec. 2023)

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What is South Dakota Soybean Processors LLC Cash, Cash Equivalents, Marketable Securities?

South Dakota Soybean Processors LLC's quarterly cash, cash equivalents, marketable securities increased from Jun. 2023 ($0.57 Mil) to Sep. 2023 ($62.43 Mil) and increased from Sep. 2023 ($62.43 Mil) to Dec. 2023 ($72.91 Mil).

South Dakota Soybean Processors LLC's annual cash, cash equivalents, marketable securities increased from Dec. 2021 ($0.83 Mil) to Dec. 2022 ($0.87 Mil) and increased from Dec. 2022 ($0.87 Mil) to Dec. 2023 ($72.91 Mil).

South Dakota Soybean Processors LLC Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for South Dakota Soybean Processors LLC's Cash, Cash Equivalents, Marketable Securities 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 Cash, Cash Equivalents, Marketable Securities Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

0.83

0.87

72.91

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial					0.87	0.69	0.57	62.43	72.91

South Dakota Soybean Processors LLC Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

South Dakota Soybean Processors LLC (OTCPK:SDSYA) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

South Dakota Soybean Processors LLC Cash, Cash Equivalents, Marketable Securities 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 » Cash, Cash Equivalents, Marketable Securities

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.

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