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Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Piotroski F-Score : 7 (As of Jun. 03, 2024)


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What is Lake Area Corn Processors LLC Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Lake Area Corn Processors LLC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Lake Area Corn Processors LLC's Piotroski F-Score or its related term are showing as below:

LKCRU' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Lake Area Corn Processors LLC was 9. The lowest was 3. And the median was 6.


Lake Area Corn Processors LLC Piotroski F-Score Historical Data

The historical data trend for Lake Area Corn Processors LLC's Piotroski F-Score 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.

* Premium members only.

Lake Area Corn Processors LLC Piotroski F-Score Chart

Lake Area Corn Processors LLC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 9.00 5.00 7.00

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
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 4.00 7.00 7.00

Competitive Comparison of Lake Area Corn Processors LLC's Piotroski F-Score

For the Oil & Gas Refining & Marketing subindustry, Lake Area Corn Processors LLC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lake Area Corn Processors LLC's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lake Area Corn Processors LLC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lake Area Corn Processors LLC's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 8.629 + 16.115 + 14.221 + 2.358 = $41.3 Mil.
Cash Flow from Operations was 13.874 + 30.924 + 36.379 + -22.489 = $58.7 Mil.
Revenue was 74.179 + 66.916 + 61.505 + 46.648 = $249.2 Mil.
Gross Profit was 5.831 + 14.277 + 11.707 + 2.576 = $34.4 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(132.326 + 147.884 + 161.851 + 193.384 + 160.641) / 5 = $159.2172 Mil.
Total Assets at the begining of this year (Mar23) was $132.3 Mil.
Long-Term Debt & Capital Lease Obligation was $19.4 Mil.
Total Current Assets was $26.8 Mil.
Total Current Liabilities was $12.5 Mil.
Net Income was 11.123 + 6.51 + 8.004 + 3.417 = $29.1 Mil.

Revenue was 75.437 + 74.21 + 68.466 + 77.841 = $296.0 Mil.
Gross Profit was 8.836 + 7.402 + 7.923 + 3.899 = $28.1 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(117.431 + 136.266 + 124.882 + 156.407 + 132.326) / 5 = $133.4624 Mil.
Total Assets at the begining of last year (Mar22) was $117.4 Mil.
Long-Term Debt & Capital Lease Obligation was $3.0 Mil.
Total Current Assets was $32.7 Mil.
Total Current Liabilities was $18.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Lake Area Corn Processors LLC's current Net Income (TTM) was 41.3. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Lake Area Corn Processors LLC's current Cash Flow from Operations (TTM) was 58.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar23)
=41.323/132.326
=0.31228179

ROA (Last Year)=Net Income/Total Assets (Mar22)
=29.054/117.431
=0.24741337

Lake Area Corn Processors LLC's return on assets of this year was 0.31228179. Lake Area Corn Processors LLC's return on assets of last year was 0.24741337. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Lake Area Corn Processors LLC's current Net Income (TTM) was 41.3. Lake Area Corn Processors LLC's current Cash Flow from Operations (TTM) was 58.7. ==> 58.7 > 41.3 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=19.441/159.2172
=0.12210364

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2.999/133.4624
=0.02247075

Lake Area Corn Processors LLC's gearing of this year was 0.12210364. Lake Area Corn Processors LLC's gearing of last year was 0.02247075. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=26.842/12.506
=2.14632976

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=32.688/18.088
=1.80716497

Lake Area Corn Processors LLC's current ratio of this year was 2.14632976. Lake Area Corn Processors LLC's current ratio of last year was 1.80716497. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Lake Area Corn Processors LLC's number of shares in issue this year was 29.62. Lake Area Corn Processors LLC's number of shares in issue last year was 29.62. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=34.391/249.248
=0.13797904

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=28.06/295.954
=0.09481203

Lake Area Corn Processors LLC's gross margin of this year was 0.13797904. Lake Area Corn Processors LLC's gross margin of last year was 0.09481203. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=249.248/132.326
=1.88359053

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=295.954/117.431
=2.52023742

Lake Area Corn Processors LLC's asset turnover of this year was 1.88359053. Lake Area Corn Processors LLC's asset turnover of last year was 2.52023742. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Lake Area Corn Processors LLC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Lake Area Corn Processors LLC  (GREY:LKCRU) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Lake Area Corn Processors LLC Piotroski F-Score Related Terms

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

Traded in Other Exchanges
N/A
Address
46269 SD Highway 34, P.O. Box 100, Wentworth, SD, USA, 57075
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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