South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Days Inventory : 50.73 (As of Dec. 2023)

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What is South Dakota Soybean Processors LLC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). South Dakota Soybean Processors LLC's Average Total Inventories for the three months ended in Dec. 2023 was $82.19 Mil. South Dakota Soybean Processors LLC's Cost of Goods Sold for the three months ended in Dec. 2023 was $147.84 Mil. Hence, South Dakota Soybean Processors LLC's Days Inventory for the three months ended in Dec. 2023 was 50.73.

The historical rank and industry rank for South Dakota Soybean Processors LLC's Days Inventory or its related term are showing as below:

SDSYA's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.33
* Ranked among companies with meaningful Days Inventory only.

South Dakota Soybean Processors LLC's Days Inventory declined from Dec. 2022 (71.31) to Dec. 2023 (50.73).

Inventory Turnover measures how fast the company turns over its inventory within a year. South Dakota Soybean Processors LLC's Inventory Turnover for the three months ended in Dec. 2023 was 1.80.

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. South Dakota Soybean Processors LLC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.49.

South Dakota Soybean Processors LLC Days Inventory Historical Data

The historical data trend for South Dakota Soybean Processors 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.

South Dakota Soybean Processors LLC Days Inventory Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

62.33

64.57

60.26

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					71.31	81.13	62.77	58.89	50.73

Competitive Comparison of South Dakota Soybean Processors LLC's Days Inventory

For the Packaged Foods subindustry, South Dakota Soybean Processors 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.

South Dakota Soybean Processors LLC's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

South Dakota Soybean Processors LLC Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (134.246	+	72.046)	/	2 )	/	624.732	*	365
=	103.146					/	624.732	*	365
=	60.26

South Dakota Soybean Processors 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
=	( (92.334	+	72.046)	/	2 )	/	147.842	*	365 / 4
=	82.19					/	147.842	*	365 / 4
=	50.73

South Dakota Soybean Processors LLC (OTCPK:SDSYA) 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.

South Dakota Soybean Processors LLC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	147.842	/	82.19
	=	1.80

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.

South Dakota Soybean Processors LLC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	82.19	/	169.381
	=	0.49

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.

South Dakota Soybean Processors LLC Days Inventory Related Terms

Thank you for viewing the detailed overview of South Dakota Soybean Processors LLC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Days Inventory

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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