REX American Resources Corporation (REX)

Days of inventory on hand (DOH)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Inventory turnover		27.24	16.42	16.04	9.44	11.15
DOH	days	13.40	22.23	22.76	38.68	32.74

January 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 27.24
= 13.40

The days of inventory on hand (DOH) for REX American Resources Corporation have shown a decreasing trend over the past five years, indicating an improvement in inventory management efficiency.

In particular, the DOH decreased from 32.74 days in 2020 to 13.40 days in 2024, a significant improvement over the period. This downward trend suggests that the company has been able to reduce the amount of time it takes to sell its inventory, leading to better liquidity and potentially lower holding costs.

Overall, the decreasing trend in the days of inventory on hand for REX American Resources Corporation is a positive indicator of effective inventory management and financial performance.