Southwest Iowa Renewable Energy Llc's Suppliers recorded an increase in sales by 3.49 % year on year in Q2 2023, from the previous quarter, sales fell by -8.42 %, Southwest Iowa Renewable Energy Llc recorded an increase in cost of sales by 21.47 % year on year, sequentially cost of sales grew by 5.93 % in Q2.
Southwest Iowa Renewable Energy Llc's Suppliers recorded an increase in sales by 3.49 % year on year in Q2 2023, from the previous quarter, sales fell by -8.42 %, Southwest Iowa Renewable Energy Llc recorded increase in cost of sales by 21.47 % year on year, sequentially cost of sales grew by 5.93 % in Q2.
Southwest Iowa Renewable Energy Llc's Comment on Supply Chain
Corn Requirements
The principal raw material necessary to produce ethanol, distillers grain and
corn oil is corn. We are significantly dependent on the availability and price
of corn which are affected by supply and demand factors such as crop production,
carryout, exports, government policies and programs, risk management and weather.
With the volatility of the weather and commodity markets, we cannot predict the
future price of corn. Because the market price of ethanol is not directly related
to corn prices, we, like most ethanol producers, are not able to compensate for
increases in the cost of corn through adjustments in our prices for our ethanol
although we do see increases in the prices of our distillers grain during times
of higher corn prices. However, given that ethanol sales comprise a majority of
our revenues, our inability to adjust our ethanol prices can result in a negative
impact on our profitability during periods of high corn prices.
Southwest Iowa Renewable Energy Llc's Comment on Supply Chain
Corn Requirements
The principal raw material necessary to produce ethanol, distillers grain and
corn oil is corn. We are significantly dependent on the availability and price
of corn which are affected by supply and demand factors such as crop production,
carryout, exports, government policies and programs, risk management and weather.
With the volatility of the weather and commodity markets, we cannot predict the
future price of corn. Because the market price of ethanol is not directly related
to corn prices, we, like most ethanol producers, are not able to compensate for
increases in the cost of corn through adjustments in our prices for our ethanol
although we do see increases in the prices of our distillers grain during times
of higher corn prices. However, given that ethanol sales comprise a majority of
our revenues, our inability to adjust our ethanol prices can result in a negative
impact on our profitability during periods of high corn prices.
SWIOU's Suppliers Net Income grew by
SWIOU's Suppliers Net margin grew in Q2 to
6.34 %
3.78 %
SWIOU's Suppliers Net Income grew by 6.34 %
SWIOU's Suppliers Net margin grew in Q2 to 3.78 %
Southwest Iowa Renewable Energy Llc's Suppliers Sales Growth
in Q2 2023 by Industry
Sources:
Southwest Iowa Renewable Energy Llc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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