LAKE AREA CORN PROCESSORS LLC
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Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $280.4M | $282.6M | $259.0M | $130.5M | $116.0M | $74.7M |
| Operating income | $2.4M | $1.4M | $5.7M | −$9.2M | $1.4M | $1.6M |
| Net income | $3.4M | $1.7M | $6.5M | −$10.5M | $1.8M | $1.9M |
| Total assets | $193.4M | $156.4M | $149.0M | $121.9M | $119.8M | $102.9M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $135.4M | $107.9M | $113.5M | $65.3M | $64.2M | $68.0M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 29.6M | 29.6M | 29.6M | 29.6M | 29.6M | 29.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- 0.9%
- Net margin
- 1.2%
- Return on equity
- 2.5%
- Return on assets
- 1.8%
- Return on capital (ROCE)
- 1.6%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $4.57
- Revenue growth (YoY)
- −0.8%
- Net income growth (YoY)
- 105.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Accruals / assets
- −29.3%clean
- Piotroski F-Score
- 7/8strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 3 good- Revenue declined year-over-year
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Modified shareholder rights · Shareholder voteOct 22, 2024
- Regulation FD disclosureJun 28, 2024
- Regulation FD disclosureJun 28, 2024
- Shareholder vote · Other material eventApr 19, 2024
- Entered a material agreementOct 4, 2023
- Shareholder voteApr 24, 2023
- Regulation FD disclosureSep 21, 2022
- Other material eventSep 12, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.