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Cardinal Ethanol Llc  (CRDE)
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CRDE's Operating Income Growth by Quarter and Year

Cardinal Ethanol Llc's Operating Income results by quarter and year




CRDE Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter September - 24.50 10.68 13.96
III Quarter June - 13.42 26.73 7.85
II Quarter March - 13.08 8.10 6.93
I Quarter December 2.88 15.67 32.78 -1.28
FY   2.88 66.67 78.29 27.46



CRDE Operating Income first quarter 2024 Y/Y Growth Comment
Cardinal Ethanol Llc reported drop in Operating Income in the first quarter 2024 by -81.6% to $ 2.88 millions, from the same quarter in 2023.
The fall in the first quarter 2024 Cardinal Ethanol Llc's Operating Income compares unfavorably to the Company's average Operating Income doubling of 468.87%.

Looking into first quarter 2024 results within Chemical Manufacturing industry 29 other companies have achieved higher Operating Income growth. While Cardinal Ethanol Llc' s Operating Income meltdown of -81.6% ranks overall at the positon no. 1243 in the first quarter 2024.

Explain Operating Income growth


CRDE Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter September - 129.4 % -23.5 % 321.75 %
III Quarter June - -49.79 % 240.51 % 11114.29 %
II Quarter March - 61.48 % 16.88 % -
I Quarter December -81.6 % -52.2 % - -
FY   - -14.84 % 185.11 % -

Financial Statements
Cardinal Ethanol Llc's first quarter 2024 Operating Income $ 2.88 millions CRDE's Income Statement
Cardinal Ethanol Llc's first quarter 2023 Operating Income $ 15.67 millions Quarterly CRDE's Income Statement
New: More CRDE's historic Operating Income Growth >>


CRDE Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter September - 82.56 % -60.04 % 77.83 %
III Quarter June - 2.6 % 230 % 13.28 %
II Quarter March - -16.53 % -75.29 % -
I Quarter December -88.23 % 46.72 % 134.81 % -
FY (Year on Year)   - -14.84 % 185.11 % -




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #30
Basic Materials Sector #98
Overall #1243

Operating Income Y/Y Growth Statistics
High Average Low
11474.18 % 468.87 % -98.06 %
(Jun 30 2021)   (Mar 31 2019)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #30
Basic Materials Sector #98
Overall #1243
Operating Income Y/Y Growth Statistics
High Average Low
11474.18 % 468.87 % -98.06 %
(Jun 30 2021)   (Mar 31 2019)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Cardinal Ethanol Llc's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
4774.43 % 181.24 % -88.23 %
(Sep 30 2020)  


CRDE's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Cardinal Ethanol Llc disclosed fall in Operating Income from the previous quarter by -88.23% to $ 2.88 millions, from $ 24.50 millions achived in the previous quarter.

Although cyclical influence usually elevate I. Quarter 2024 Operating Income, it plainly could not be enough to salvage CRDE's outcome, Federico Russo, Basic Materials sector observer wrote.

Within Chemical Manufacturing industry 11 other companies have achieved higher Operating Income quarter on quarter growth. While Cardinal Ethanol Llc's Operating Income growth quarter on quarter, overall rank is 378.


Operating Income Q/Q Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #12
Basic Materials Sector #28
Overall #378
Operating Income Q/Q Growth Company Ranking
Within: No.
Chemical Manufacturing Industry #12
Basic Materials Sector #28
Overall #378
Operating Income Q/Q Growth Statistics
High Average Low
4774.43 % 181.24 % -88.23 %
(Sep 30 2020)  


CRDE's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Cardinal Ethanol Llc disclosed fall in Operating Income sequentially by -88.23% to $ 2.88 millions, from $ 24.50 millions declared in the previous quarter.

Albeit periodic circumstance normally elevate I. Quarter 2024 Operating Income, this simply could not be sufficient to salvage Chemical Manufacturing's company I. Quarter performance, Federico Russo, Basic Materials sector observer wrote and wrote that average quarter on quarter Operating Income growth is at 181.24% for Cardinal Ethanol Llc.

Within Chemical Manufacturing industry 11 other companies have achieved higher Operating Income quarter on quarter growth. While Cardinal Ethanol Llc's Operating Income growth quarter on quarter, overall rank is 378.


Cardinal Ethanol Llc's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 53.88 $ 66.67 $ 52.85 $ 66.16 $ 61.18
Y / Y Operating Income Growth (TTM) -11.93 % -14.86 % -35.21 % 5.53 % -0.54 %
Year on Year Operating Income Growth Overall Ranking # 223 # 130 # 54 # 33 # 46
Seqeuential Operating Income Change (TTM) -19.17 % 26.14 % -20.12 % 8.14 % -21.86 %
Seq. Operating Income Growth (TTM) Overall Ranking # 308 # 1193 # 635 # 1124 # 203




Cumulative Operating Income growth Comment
Cardinal Ethanol Llc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Cardinal Ethanol Llc's annual Operating Income fall would be -11.93% year on year to $54 millions.

Among companies within the Basic Materials sector 17 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 130 to 223.

Operating Income TTM Q/Q Growth Statistics
High Average Low
595.41 %
-13.96 %
-450.8 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry # 11
Basic Materials Sector # 18
Overall # 223

Operating Income TTM Y/Y Growth Statistics
High Average Low
595.41 %
-13.96 %
-450.8 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 25
S&P 500 # 308
Cumulative Operating Income growth Comment
Cardinal Ethanol Llc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, Cardinal Ethanol Llc's annual Operating Income drop would be -11.93% year on year to $54 millions.

Among companies within the Basic Materials sector 17 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 130 to 223.

Operating Income TTM Q/Q Growth Statistics
High Average Low
595.41 %
-13.96 %
-450.8 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Chemical Manufacturing Industry # 11
Basic Materials Sector # 18
Overall # 223

Operating Income TTM Y/Y Growth Statistics
High Average Low
595.41 %
-13.96 %
-450.8 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 25
S&P 500 # 308




Other Operating Income Growth
Chemical Manufacturing Industry Operating Income Growth Trends and Statistics
Basic Materials Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
CRDE's Operating Income Growth Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for CRDE's Competitors
Operating Income Growth for Cardinal Ethanol Llc's Suppliers
Operating Income Growth for CRDE's Customers

You may also want to know
CRDE's Annual Growth Rates CRDE's Profitability Ratios CRDE's Asset Turnover Ratio CRDE's Dividend Growth
CRDE's Roe CRDE's Valuation Ratios CRDE's Financial Strength Ratios CRDE's Dividend Payout Ratio
CRDE's Roa CRDE's Inventory Turnover Ratio CRDE's Growth Rates CRDE's Dividend Comparisons



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