REX American Resources Corporation (REX)

Days of inventory on hand (DOH)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Inventory turnover		27.24	20.34	17.24	19.98	16.51	18.86	15.22	12.68	16.04	20.95	13.18	15.35	9.56	16.32	11.06	14.57	11.38	12.96	19.48	22.20
DOH	days	13.40	17.94	21.17	18.27	22.11	19.36	23.99	28.79	22.76	17.43	27.69	23.78	38.19	22.36	33.01	25.06	32.07	28.16	18.74	16.44

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 has fluctuated over the past several quarters. The DOH indicates the average number of days it takes for the company to sell its inventory. A lower DOH is typically preferred as it indicates faster inventory turnover.

From January 2020 to July 2020, the DOH ranged between 22.36 days to 33.01 days, showing some variability in inventory management during this period. Subsequently, from October 2020 to January 2023, there was a decreasing trend in DOH, reaching as low as 13.40 days in January 2024. This suggests that the company improved its inventory turnover efficiency during this timeframe.

It's important to note that fluctuations in DOH may be influenced by various factors such as seasonal demand, supply chain disruptions, or changes in sales strategies. Investors and stakeholders should continue to monitor the company's inventory management practices to ensure efficient utilization of resources and optimal inventory levels.