Lake Area Corn Processors Llc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of 39.69, above the company average. This is a clear sign of healthy business climate in the Chemical Manufacturing industry and improving liquidity at their respective customers, during the second quarter 2024. Average receivable collection period, for the Lake Area Corn Processors Llc in Jun 30 2024 quarter, has decreased to 9 days, compared to 11 days, in the Mar 31 2024 quarter.

If we take a look into Basic Materials sector 27 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2024 from 340 to 631.

What is Receivable Turnover Ratio?
What is Lake Area Corn Processors Llc Selling?

What is Receivable Turnover Ratio?

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LKCRU Receivables Turnover Ratio	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter
Y / Y Receivable Change	-68.37 %	-24.53 %	28.39 %	-36.34 %	405.3 %
Y / Y Revenue Change	-33.35 %	-40.07 %	-10.17 %	-9.83 %	-1.67 %
Receivable Turnover Ratio (TTM)	39.69	33.49	34.84	37.28	34.57
LKCRU's Total Ranking	# 631	# 340	# 381	# 381	# 215
Accounts Receivable average collection period days	9	11	10	10	11
Seq. Receivable Change	-55.74 %	21.56 %	7.54 %	-45.33 %	5.6 %
Seq. Revenue Change	5.99 %	-24.16 %	-8.09 %	-9.79 %	-4.7 %

Receivable Turnover Company Ranking
Within:	No.
Chemical Manufacturing Industry	# 9
Basic Materials Sector	# 28
Overall Market	# 631

Receivable Turnover Ratio Statistics
High	Average	Low
2.41	1.55	0.77
(Sep 30 2013)		(Jun 30 2019)

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

Financial Statements
Lake Area Corn Processors Llc's Accounts Receivable	$ 3 Millions	Visit LKCRU's Balance sheet
Lake Area Corn Processors Llc's Sales TTM	$ 225 Millions	Visit LKCRU's Income Statement
Sources of LKCRU's Revenues		Visit LKCRU'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
LKCRU'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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LKCRU's Growth Rates	LKCRU's Roa	LKCRU's Inventory Turnover Ratio	LKCRU's Dividend Comparisons
LKCRU's Profitability Ratios	LKCRU's Roi	LKCRU's Asset Turnover Ratio	LKCRU's Dividend Growth
LKCRU's Valuation Ratios	LKCRU's Roe	LKCRU's Financial Strength Ratios	LKCRU'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
Mcewen Inc	89.77	$ 185.788 Millions	$ 2.070 Millions
Realloys Inc	84.89	$ 2.844 Millions	$ 0.033 Millions
Westlake Chemical Partners Lp	50.18	$ 1,187.778 Millions	$ 23.671 Millions
Aemetis Inc	46.80	$ 278.205 Millions	$ 5.944 Millions
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
South 8 Energy Llc	34.09	$ 162.873 Millions	$ 4.778 Millions
Century Aluminum Company	33.65	$ 2,107.500 Millions	$ 62.625 Millions
Hecla Mining Company	32.10	$ 777.380 Millions	$ 24.215 Millions
It Tech Packaging Inc	30.84	$ 78.905 Millions	$ 2.559 Millions
Rex American Resources Corporation	28.98	$ 718.079 Millions	$ 24.780 Millions
Coeur Mining Inc	27.49	$ 891.759 Millions	$ 32.439 Millions
Green Plains Inc	26.62	$ 2,821.201 Millions	$ 105.965 Millions
Cardinal Ethanol Llc	24.33	$ 350.336 Millions	$ 14.401 Millions
Safe And Green Holdings Corp	23.72	$ 8.193 Millions	$ 0.345 Millions
Newmont Corporation	23.34	$ 14,875.000 Millions	$ 637.250 Millions
Mag Mile Capital Inc	23.01	$ 4.093 Millions	$ 0.178 Millions
Harmony Gold Mining Company Limited	22.98	$ 3,282.274 Millions	$ 142.855 Millions
Myers Industries Inc	21.71	$ 813.723 Millions	$ 37.489 Millions
Freeport mcmoran Inc	21.35	$ 24,674.000 Millions	$ 1,155.750 Millions
The Azek Company Inc	20.30	$ 1,482.033 Millions	$ 73.014 Millions
Novusterra Inc	20.14	$ 0.157 Millions	$ 0.008 Millions
Suncoke Energy Inc	18.75	$ 2,000.300 Millions	$ 106.700 Millions
Alto Ingredients Inc	18.46	$ 1,084.195 Millions	$ 58.728 Millions
Gold Resource Corp	17.97	$ 79.889 Millions	$ 4.447 Millions
Louisiana pacific Corporation	17.28	$ 2,924.000 Millions	$ 169.250 Millions
Ssr Mining Inc	17.26	$ 1,226.362 Millions	$ 71.049 Millions
Valvoline Inc	16.91	$ 1,572.000 Millions	$ 92.975 Millions
Boise Cascade Company	15.76	$ 6,920.753 Millions	$ 439.054 Millions

Date modified: 2026-09-08T15:11:18+00:00

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