Replies to post #13919 on Alto Ingredients Inc (ALTO)

[kel3]

Operating Margins Using Milo

1.Ethanol + WDG = $2.72 + .73 = $3.45

2.Milo $7.25/2.8 = $2.589
3.Natural Gas = .09
4.Enzymes = .04
5.Yeast = .03
6.Electricity = .03
7.Denaturants = .08
8.Other Costs = .30 (Wages,water,mainenance etc.)

Gross Operating Margin Is Line 1 Minus the sum of lines 2 thru 8.

$3.45 - $3.05 = .40 net profit per gallon