REX American Resources Corporation (REX)

Days of sales outstanding (DSO)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Receivables turnover		28.82	30.40	23.84	14.48	21.99
DSO	days	12.66	12.01	15.31	25.20	16.60

January 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 28.82
= 12.66

The days of sales outstanding (DSO) ratio for REX American Resources Corporation has shown variability over the past five years. In the most recent fiscal year ending on Jan 31, 2024, the DSO was 12.66 days, which indicates that on average, it takes approximately 12.66 days for the company to collect its accounts receivable. This represents a slight increase from the previous year's DSO of 12.01 days.

Looking back further, in Jan 31, 2022, the DSO was higher at 15.31 days, and in Jan 31, 2021, it was significantly higher at 25.20 days. However, there was a noticeable improvement in Jan 31, 2020, when the DSO decreased to 16.60 days.

Overall, the trend in DSO for REX American Resources Corporation has shown some fluctuations, but the recent decrease in DSO indicates a more efficient accounts receivable collection process. It is important to monitor this ratio consistently to ensure that the company is effectively managing its receivables and maintaining a healthy cash flow position.