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Net Sales and Revenue
 3 Months Ended
Jul. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]

Note 3. Net Sales and Revenue

 

The Company recognizes sales of products when obligations under the terms of the respective contracts with customers are satisfied. This occurs with the transfer of control of products, generally upon shipment from the ethanol plant or upon loading of the rail car or truck used to transport the products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods. Sales, value added and other taxes the Company collects concurrent with revenue producing activities are excluded from net sales and revenue.

 

The majority of the Company’s sales have payment terms ranging from 5 to 10 days after transfer of control. The Company has determined that sales contracts do not generally include a significant financing component. The Company has not historically entered into sales contracts in which payment is due from a customer prior to transferring product to the customer. Thus, the Company does not record unearned revenue.

 

The following tables shows disaggregated revenue by product (amounts in thousands):

 

   Three Months Ended
July 31,		   Six Months Ended
July 31,
   2025   2024   2025   2024 
Ethanol  $123,312   $116,100   $247,709   $235,527 
Dried distillers grains   21,260    21,847    43,546    52,533 
Distillers corn oil   12,509    8,578    22,388    18,384 
Modified distillers grains   1,251    1,123    2,873    2,320 
Derivative financial instruments gains   201    429    218    436 
Other   30    78    169    186 
Total  $158,563   $148,155   $316,903   $309,386