Cardinal Ethanol Llc's ability to collect accounts receivable sequentially worsen to 22.56, indicating more challenging environment then in the second quarter 2024, but still, it is a far cry from any concerns. Cardinal Ethanol Llc's Accounts Receivable average collection period in the Jun 30 2024 quarter, has increased to 16 days, from 15 days, in the Mar 31 2024 quarter.

If we take a look into Basic Materials sector 20 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2024 from 606 to 613.

What is Receivable Turnover Ratio?
What is Cardinal Ethanol Llc Selling?

What is Receivable Turnover Ratio?

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CRDE Receivables Turnover Ratio	(Jun 30 2024) III. Quarter	(Mar 31 2024) II. Quarter	(Dec 31 2023) I. Quarter	(Sep 30 2023) IV. Quarter	(Jun 30 2023) III. Quarter
Y / Y Receivable Change	-6.72 %	-17.07 %	-48.22 %	38.59 %	-18.23 %
Y / Y Revenue Change	-29.59 %	-39.26 %	-48.79 %	-8.69 %	-10.67 %
Receivable Turnover Ratio (TTM)	22.56	24.29	26.22	26.89	29.57
CRDE's Total Ranking	# 613	# 606	# 729	# 590	# 541
Accounts Receivable average collection period days	16	15	14	14	12
Seq. Receivable Change	25.9 %	74.62 %	-53.71 %	-8.35 %	11.93 %
Seq. Revenue Change	5.53 %	14.93 %	-41.42 %	-0.91 %	-8.97 %

Receivable Turnover Company Ranking
Within:	No.
Chemical Manufacturing Industry	# 8
Basic Materials Sector	# 21
Overall Market	# 613

Receivable Turnover Ratio Statistics
High	Average	Low
29.57	20.91	16.27
(Jun 30 2023)		(Sep 30 2017)

CRDE Company Profile • Back to CRDE Efficiency Comparisons • Compare CRDE Receivables Turnover Ratio to its Competitors

Financial Statements
Cardinal Ethanol Llc's Accounts Receivable	$ 19 Millions	Visit CRDE's Balance sheet
Cardinal Ethanol Llc's Sales TTM	$ 350 Millions	Visit CRDE's Income Statement
Sources of CRDE's Revenues		Visit CRDE's Sales by Geography

Other Accounts Receivable Turnover Ratios
Chemical Manufacturing Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
CRDE's Receivable Turnover Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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CRDE's Growth Rates	CRDE's Roa	CRDE's Inventory Turnover Ratio	CRDE's Dividend Comparisons
CRDE's Profitability Ratios	CRDE's Roi	CRDE's Asset Turnover Ratio	CRDE's Dividend Growth
CRDE's Valuation Ratios	CRDE's Roe	CRDE's Financial Strength Ratios	CRDE's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2024, within Basic Materials Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2024	Receivable at quarter ending Jun 30 2024
Greenwave Technology Solutions Inc	45.20	$ 32.689 Millions	$ 0.723 Millions
Lake Area Corn Processors Llc	39.69	$ 224.508 Millions	$ 5.657 Millions
Dynaresource Inc	38.59	$ 33.220 Millions	$ 0.861 Millions
Aemetis Inc	36.08	$ 278.205 Millions	$ 7.711 Millions
South 8 Energy Llc	34.09	$ 162.873 Millions	$ 4.778 Millions
Century Aluminum Company	33.65	$ 2,107.500 Millions	$ 62.625 Millions
Coeur Mining Inc	27.49	$ 891.759 Millions	$ 32.439 Millions
Green Plains Inc	26.39	$ 2,821.201 Millions	$ 106.891 Millions
Rex American Resources Corporation	24.11	$ 718.079 Millions	$ 29.789 Millions
Safe And Green Holdings Corp	23.72	$ 8.193 Millions	$ 0.345 Millions
Cardinal Ethanol Llc	22.56	$ 350.336 Millions	$ 15.529 Millions
Myers Industries Inc	21.71	$ 813.723 Millions	$ 37.489 Millions
The Azek Company Inc	20.30	$ 1,482.033 Millions	$ 73.014 Millions
Novusterra Inc	20.14	$ 0.157 Millions	$ 0.008 Millions
Newmont Corporation	19.56	$ 14,875.000 Millions	$ 760.500 Millions
Hecla Mining Company	18.89	$ 777.380 Millions	$ 41.164 Millions
Suncoke Energy Inc	18.75	$ 2,000.300 Millions	$ 106.700 Millions
Gold Resource Corp	17.97	$ 79.889 Millions	$ 4.447 Millions
Louisiana pacific Corporation	17.28	$ 2,924.000 Millions	$ 169.250 Millions
Valvoline Inc	16.91	$ 1,572.000 Millions	$ 92.975 Millions
It Tech Packaging Inc	15.82	$ 78.905 Millions	$ 4.989 Millions
Idaho Strategic Resources Inc	15.51	$ 19.103 Millions	$ 1.232 Millions
American Woodmark Corp	15.43	$ 1,807.405 Millions	$ 117.139 Millions
Ssr Mining Inc	15.38	$ 1,226.362 Millions	$ 79.724 Millions
Boise Cascade Company	15.18	$ 6,920.753 Millions	$ 455.826 Millions
Xpel Inc	15.06	$ 407.319 Millions	$ 27.045 Millions
Lsb Industries Inc	14.70	$ 524.070 Millions	$ 35.658 Millions
Freeport mcmoran Inc	14.65	$ 24,674.000 Millions	$ 1,684.500 Millions
Lyondellbasell Industries N v	14.63	$ 41,037.000 Millions	$ 2,804.500 Millions
Centrus Energy Corp	13.67	$ 387.000 Millions	$ 28.300 Millions

Date modified: 2026-08-30T07:53:29+00:00

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