REX American Resources Corporation (REX)

Fixed asset turnover

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Revenue	US$ in thousands	833,384	855,000	774,802	372,664	417,700
Property, plant and equipment	US$ in thousands	155,587	135,497	137,554	150,861	163,327
Fixed asset turnover		5.36	6.31	5.63	2.47	2.56

January 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $833,384K ÷ $155,587K
= 5.36

The fixed asset turnover ratio for REX American Resources Corporation has shown fluctuation over the past five years. The ratio was highest in January 2023 at 6.31 and lowest in January 2021 at 2.47. This indicates that, on average, the company generated $5.36 in sales for every dollar invested in fixed assets in January 2024.

A high fixed asset turnover ratio generally suggests that the company is efficiently utilizing its fixed assets to generate sales, which is a positive indicator of operational efficiency. Conversely, a lower ratio may indicate underutilization or inefficiency in the use of fixed assets.

It is important to further analyze the company's operational and financial performance alongside other related metrics to gain a deeper understanding of the factors influencing the fixed asset turnover ratio and to assess the overall health and efficiency of REX American Resources Corporation.