Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Change In Inventory : $5.6 Mil (TTM As of Mar. 2024)

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What is Lake Area Corn Processors LLC Change In Inventory?

Lake Area Corn Processors LLC's change in inventory for the quarter that ended in Mar. 2024 was $1.0 Mil. It means Lake Area Corn Processors LLC's inventory declined by $1.0 Mil from Dec. 2023 to Mar. 2024 .

Lake Area Corn Processors LLC's change in inventory for the fiscal year that ended in Dec. 2023 was $11.1 Mil. It means Lake Area Corn Processors LLC's inventory declined by $11.1 Mil from Dec. 2022 to Dec. 2023 .

Lake Area Corn Processors LLC's Total Inventories for the quarter that ended in Mar. 2024 was $13.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lake Area Corn Processors LLC's Days Inventory for the quarter that ended in Mar. 2024 was 29.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lake Area Corn Processors LLC's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.11.

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. Lake Area Corn Processors LLC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Lake Area Corn Processors LLC Change In Inventory Historical Data

The historical data trend for Lake Area Corn Processors LLC's Change In 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.

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Lake Area Corn Processors LLC Change In Inventory Chart

Lake Area Corn Processors LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.98

0.78

-6.64

-9.39

11.12

Lake Area Corn Processors LLC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															6.54	-0.46	8.85	-3.81	1.00

Lake Area Corn Processors LLC Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.6 Mil.

Lake Area Corn Processors LLC (GREY:LKCRU) Change In Inventory Explanation

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

Lake Area Corn Processors LLC's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	14.174	/	44.072	*	365 / 4
	=	29.35

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

Lake Area Corn Processors LLC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.072	/	14.174
	=	3.11

3. 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.

Lake Area Corn Processors LLC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.174	/	46.648
	=	0.30

Lake Area Corn Processors LLC Change In Inventory Related Terms

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Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lake Area Corn Processors LLC (GREY:LKCRU) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

46269 SD Highway 34, P.O. Box 100, Wentworth, SD, USA, 57075

Website

http://www.dakotaethanol.com

Lake Area Corn Processors LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 90 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, LLC. The principal products produced at the ethanol plant are fuel-grade ethanol, distillers grains and corn oil. The company reports its financial and operating performance in two segments production, which includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process and ethanol-producing equity method investments, which consists of the aggregation of the company's two equity method operating segments of investment in Guardian Hankinson, LLC and investment in Ring-neck Energy & Feed, LLC.

Executives

Paul Geraets	officer: Commodity Manager	604 W. 9TH, DELL RAPIDS SD 57022
Marty Thompson	director	44762 241ST STREET, WINFRED SD 57076
Wayne Backus	director	313 S. CENTENNIAL AVE, WENTWORTH SD 57075
Dave Anthony Wolles	director	46951 245TH STREET, DELL RAPIDS SD 57022
Randall Lloyd Hansen	director	46094 - 239TH STREET, WENTWORTH SD 57075
Gene Buchholtz Robbi	officer: Chief Financial Officer	45102 HERMAN BOULEVARD, MADISON SD 57042
Alan Mundt Scott	officer: Chief Executive Officer	7105 VALLEY VIEW CIRCLE, BROOKINGS SD 57006
Rick Alan Kasperson	director	21664 - 457TH AVENUE, ARLINGTON SD 57212
Brian D Woldt	director
Van Duyn Douglas L	director
Dean Frederickson	other: General Manager of Plant
Gregory Van Zanten	director
Dale L Thompson	director
Todd M Brown	director	1007 EAGLE RUN, DELL RAPIDS SD 57022
Ronald C Alverson	director

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