REX American Resources Corporation (REX)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	551,014	567,562	614,155	679,398	730,303	758,367	785,519	815,638	800,269	788,240	757,213	718,238	680,487	626,423	555,081	410,970	358,985	354,137	335,994	397,200
Inventory	US$ in thousands	31,676	29,127	29,162	27,100	26,984	37,515	45,960	41,299	48,744	42,045	49,928	56,388	42,225	29,753	41,759	26,687	37,880	21,616	30,383	27,268
Inventory turnover		17.40	19.49	21.06	25.07	27.06	20.22	17.09	19.75	16.42	18.75	15.17	12.74	16.12	21.05	13.29	15.40	9.48	16.38	11.06	14.57

January 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $551,014K ÷ $31,676K
= 17.40

The inventory turnover ratio for REX American Resources Corporation has experienced fluctuations over the analyzed period. The ratio indicates how many times the company's inventory is sold and replaced over a specific timeframe.

Based on the provided data, the inventory turnover ratio ranged from a high of 27.06 on January 31, 2024, to a low of 9.48 on January 31, 2021. A higher turnover ratio generally signifies a more efficient management of inventory, where goods are sold quickly and replenished effectively.

Overall, the trend in the inventory turnover ratio shows some variability, with periods of higher and lower turnover rates. It is important for the company to closely monitor this ratio to ensure optimal inventory management and avoid potential issues such as overstocking or stockouts. Further analysis of the company's inventory management practices and industry comparisons can provide more insights into the efficiency of REX American Resources Corporation's inventory turnover.