South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Inventory Turnover : 1.80 (As of Dec. 2023)

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What is South Dakota Soybean Processors LLC Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. South Dakota Soybean Processors LLC's Cost of Goods Sold for the three months ended in Dec. 2023 was $147.84 Mil. South Dakota Soybean Processors LLC's Average Total Inventories for the quarter that ended in Dec. 2023 was $82.19 Mil. South Dakota Soybean Processors LLC's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.80.

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 three months ended in Dec. 2023 was 50.73.

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 quarter that ended in Dec. 2023 was 0.49.

South Dakota Soybean Processors LLC Inventory Turnover Historical Data

The historical data trend for South Dakota Soybean Processors LLC's Inventory 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 Inventory Turnover Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.86

5.65

6.06

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					1.28	1.12	1.45	1.55	1.80

South Dakota Soybean Processors LLC Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	624.732	/ (	(134.246	+	72.046)	/	2 )
=	624.732	/	103.146
=	6.06

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	147.842	/ (	(92.334	+	72.046)	/	2 )
=	147.842	/	82.19
=	1.80

South Dakota Soybean Processors LLC (OTCPK:SDSYA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	82.19	/	147.842	*	365 / 4
	=	50.73

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	82.19	/	169.381
	=	0.49

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

South Dakota Soybean Processors LLC Inventory 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 » Inventory 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.

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