REX American Resources Corporation (REX)

Fixed asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	642,491	671,877	718,079	781,901	833,384	845,937	845,135	873,486	855,000	866,849	849,638	805,153	774,967	688,969	610,120	453,604	372,812	367,714	330,168	396,709
Property, plant and equipment	US$ in thousands	—	—	—	—	—	159,083	135,144	135,125	150,711	145,983	144,473	147,825	137,554	141,438	158,289	149,067	165,864	154,401	173,858	163,132
Fixed asset turnover		—	—	—	—	—	5.32	6.25	6.46	5.67	5.94	5.88	5.45	5.63	4.87	3.85	3.04	2.25	2.38	1.90	2.43

January 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $642,491K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

Analyzing the fixed asset turnover data for REX American Resources Corporation over the past few years reveals a generally increasing trend in the ratio. The fixed asset turnover ratio increased from 2.43 as of April 30, 2020, to a peak of 6.46 as of April 30, 2023. This significant improvement indicates that the company has been able to generate more revenue relative to its investment in fixed assets during this period.

However, in the latest available data points, the fixed asset turnover ratio has shown a slight decline, dropping to 5.32 as of October 31, 2023. While this decrease could signal a potential inefficiency in utilizing fixed assets, it is important to monitor future data points to confirm if this is a sustained trend or a temporary fluctuation.

Overall, the increasing trend in REX American Resources Corporation's fixed asset turnover ratio in recent years indicates improved efficiency in generating sales from its fixed assets. Monitoring further data points will be essential to assess the company's ongoing ability to effectively leverage its fixed assets for revenue generation.