South Dakota Soybean Processors LLC (South Dakota Soybean Processors LLC) Accounts Receivable : $43.55 Mil (As of Dec. 2023)

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What is South Dakota Soybean Processors LLC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. South Dakota Soybean Processors LLC's accounts receivables for the quarter that ended in Dec. 2023 was $43.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding. South Dakota Soybean Processors LLC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. South Dakota Soybean Processors LLC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $N/A.

South Dakota Soybean Processors LLC Accounts Receivable Historical Data

The historical data trend for South Dakota Soybean Processors LLC's Accounts Receivable 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 Accounts Receivable Chart

South Dakota Soybean Processors LLC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

36.57

43.52

43.55

South Dakota Soybean Processors LLC Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					43.52	41.58	46.86	50.97	43.55

South Dakota Soybean Processors LLC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

South Dakota Soybean Processors LLC Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

South Dakota Soybean Processors LLC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	43.549	/	169.381	*	91
=	23.46

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), South Dakota Soybean Processors LLC's accounts receivable are only considered to be worth 75% of book value:

South Dakota Soybean Processors LLC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(72.91	+	0.75 * 43.549	+	0.5 * 72.046	-	128.509
-	0	-	98.737)	/	0
=	N/A

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

South Dakota Soybean Processors LLC Accounts Receivable 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 » Accounts Receivable

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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