Cardinal Ethanol LLC (Cardinal Ethanol LLC) Days Inventory : 32.80 (As of Dec. 2023)

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What is Cardinal Ethanol LLC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cardinal Ethanol LLC's Average Total Inventories for the three months ended in Dec. 2023 was $22.9 Mil. Cardinal Ethanol LLC's Cost of Goods Sold for the three months ended in Dec. 2023 was $63.6 Mil. Hence, Cardinal Ethanol LLC's Days Inventory for the three months ended in Dec. 2023 was 32.80.

The historical rank and industry rank for Cardinal Ethanol LLC's Days Inventory or its related term are showing as below:

CRDE' s Days Inventory Range Over the Past 10 Years
Min: 13.25 Med: 21.35 Max: 30.46
Current: 30.46

During the past 13 years, Cardinal Ethanol LLC's highest Days Inventory was 30.46. The lowest was 13.25. And the median was 21.35.

CRDE's Days Inventory is not ranked
in the Chemicals industry.
Industry Median: 83.19 vs CRDE: 30.46

Cardinal Ethanol LLC's Days Inventory increased from Dec. 2022 (23.25) to Dec. 2023 (32.80). It might indicate that Cardinal Ethanol LLC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cardinal Ethanol LLC's Inventory Turnover for the three months ended in Dec. 2023 was 2.78.

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. Cardinal Ethanol LLC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.33.

Cardinal Ethanol LLC Days Inventory Historical Data

The historical data trend for Cardinal Ethanol LLC's Days Inventory 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.

* Premium members only.

Cardinal Ethanol LLC Days Inventory Chart

Cardinal Ethanol LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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21.00

23.45

21.69

19.81

16.44

Cardinal Ethanol LLC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															23.25	32.83	32.69	21.07	32.80

Competitive Comparison of Cardinal Ethanol LLC's Days Inventory

For the Chemicals subindustry, Cardinal Ethanol LLC's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Cardinal Ethanol LLC's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cardinal Ethanol LLC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cardinal Ethanol LLC's Days Inventory falls into.

Cardinal Ethanol LLC Days Inventory Calculation

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

Cardinal Ethanol LLC's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (23.371	+	15.103)	/	2 )	/	427.014	*	365
=	19.237					/	427.014	*	365
=	16.44

Cardinal Ethanol LLC's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.103	+	30.611)	/	2 )	/	63.589	*	365 / 4
=	22.857					/	63.589	*	365 / 4
=	32.80

Cardinal Ethanol LLC (OTCPK:CRDE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Cardinal Ethanol LLC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	63.589	/	22.857
	=	2.78

2. 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.

Cardinal Ethanol LLC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.857	/	69.112
	=	0.33

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Cardinal Ethanol LLC Days Inventory Related Terms

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Cardinal Ethanol LLC (Cardinal Ethanol LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cardinal Ethanol LLC (OTCPK:CRDE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1554 North County Road 600 East, Union City, IN, USA, 47390

Website

https://www.cardinalethanol.com

Cardinal Ethanol LLC is a producer and seller of fuel-grade ethanol, distiller's grains, corn oil, and carbon dioxide throughout the continent of the United States. The company's prime selling products include ethanol, dried distillers grains, corn oil, and carbon dioxide. Its two operating segments are ethanol production through the Ethanol Division; and trading of agricultural grains through the Trading Division. The revenues from Ethanol Division come from primary sources: sales of fuel ethanol which is the key revenue driver. Revenues from the Trading Division are derived from procuring, transporting, and selling grain commodities. The majority of the revenue for the company is generated from its Ethanol Division.

Executives

Adam Kline	director	938 E 58TH STREET, INDIANAPOLIS IN 46220
Chad Smith	director	3665 GOULD DRIVE, CARMEL IN 46033
Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Danny Ray Huston	director	616 W JACKSON STREET, PARKER CITY IN 47368
Casey Bruns	officer: Commodity Manager	10158 STATE ROUTE 49, ANSONIA OH 45303
Daniel J. Sailer	director	11320 ABBITT TRAIL, ZIONSVILLE IN 46077
Dersch David Matthew Jr	director	113 BENNINGTON ROAD, GREER SC 29650
Roch Lewis M Iii	director	21 GOSS ROAD, NORTH HAMPTON NH 03862
Robert Nathan Baker	director	8124 E. GREENBRIAR COURT, WICHITA KS 67226
Gregory August Roy	officer: Commodity Manager	23308 PAULDING ROAD, MONROEVILLE IN 46773
Jerry Phillip Zicht	director	5653 NORTH US HWY 27, WINCHESTER IN 47394
Adam Zeedyk	officer: Commodity Manager	9 PECK DRIVE, WINCHESTER IN 47394
William J Dartt	officer: Chief Financial Officer	1520 ROSEDALE AVENUE, BUCYRUS OH 44820
Roch Lewis Marshall Ii	director	2006 E. ROBINWOOD DRIVE, MUNCIE IN 47304
Barry J Hudson	director	200 EAST JACKSON STREET, MUNCIE IN 47305

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