REX American Resources Corporation (REX)

Activity ratios

Short-term

Turnover ratios

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
Receivables turnover 28.82 24.46 22.45 25.54 30.40 29.60 19.11 25.53 23.84 14.99 16.75 13.51 14.49 19.94 16.21 31.84 22.00 17.38 29.13 24.30
Payables turnover 17.47 26.53 35.86 46.16 23.61 19.69 35.84 37.32 20.99 22.97 24.98 25.92 21.16 22.64 39.14 53.78 21.46 30.66 48.43 65.56
Working capital turnover 2.16 2.29 2.48 2.69 2.69 2.74 2.69 2.65 2.63 2.64 2.48 1.89 1.64 1.63 1.46 1.75 1.75 1.74 1.89 2.02

The activity ratios of REX American Resources Corporation indicate how efficiently the company is managing its inventory, receivables, payables, and working capital.

- Inventory turnover has shown fluctuations over the periods, ranging from 9.56 to 27.24. Generally, higher turnover ratios indicate efficient management of inventory, with the latest figure being 27.24 suggesting that the company is generating sales from its inventory multiple times during the year.

- Receivables turnover has also varied, ranging from 13.51 to 31.84. A higher turnover ratio implies that the company is collecting its receivables quickly. The latest ratio of 28.82 indicates that the company is efficient in converting credit sales into cash.

- Payables turnover has been fluctuating significantly, ranging from 19.69 to 65.56. A high turnover ratio in payables suggests that the company is paying its suppliers quickly, which can be a sign of good relationships with suppliers. The latest figure of 17.47 indicates that the company is managing its payables effectively.

- Working capital turnover ratios have ranged from 1.46 to 2.74, with the latest ratio at 2.16. This ratio indicates how effectively the company is using its working capital to generate sales. A higher ratio suggests efficient utilization of working capital, which can lead to increased profitability.

Overall, the company's activity ratios reflect varying levels of efficiency in managing its inventory, receivables, payables, and working capital over the analyzed periods. It is important for the company to continue monitoring and improving these ratios to enhance its operational efficiency and financial performance.

Average number of days

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
Days of inventory on hand (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
Days of sales outstanding (DSO) days 12.66 14.92 16.26 14.29 12.01 12.33 19.10 14.30 15.31 24.35 21.79 27.02 25.19 18.31 22.51 11.46 16.59 21.00 12.53 15.02
Number of days of payables days 20.89 13.76 10.18 7.91 15.46 18.54 10.18 9.78 17.39 15.89 14.61 14.08 17.25 16.12 9.33 6.79 17.01 11.90 7.54 5.57

Days of Inventory on Hand (DOH) measures how quickly a company is able to sell its inventory. REX American Resources Corporation's DOH has been fluctuating over the past few quarters, ranging from a low of 13.40 days to a high of 38.19 days. The decreasing trend in DOH from Q1 2023 to Q3 2023 indicates that the company might have been managing its inventory more efficiently during that period.

Days of Sales Outstanding (DSO) evaluates how long it takes for a company to collect its accounts receivable. REX American Resources Corporation's DSO has varied from 11.46 days to 27.02 days. The decreasing trend in DSO from Q2 2022 to Q1 2023 suggests that the company has been successful in collecting its receivables faster during that timeframe.

Number of Days of Payables indicates how long a company takes to pay its suppliers. REX American Resources Corporation's payables days have fluctuated between 6.79 days and 20.89 days. The decreasing trend in payables days from Q3 2022 to Q1 2023 might suggest that the company has adjusted its payment terms with suppliers during that period.

Overall, it is essential to analyze these activity ratios collectively to gain a comprehensive understanding of REX American Resources Corporation's efficiency in managing its inventory, receivables, and payables.

Long-term

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
Fixed asset turnover 5.36 5.85 6.25 6.46 6.31 6.61 6.46 5.98 5.63 4.88 4.20 3.04 2.47 2.38 2.08 2.43 2.56 2.45 2.61 2.66
Total asset turnover 1.25 1.35 1.43 1.54 1.48 1.51 1.52 1.47 1.41 1.31 1.21 0.93 0.78 0.77 0.70 0.83 0.84 0.83 0.90 0.96

The fixed asset turnover ratio for REX American Resources Corporation has shown fluctuating trends over the past several quarters, ranging from a low of 2.08 to a high of 6.61. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue, and the higher the ratio, the better. The company's fixed asset turnover has generally been on an upward trend, indicating improved efficiency in generating sales from its fixed assets.

On the other hand, the total asset turnover ratio has also displayed variability over the same period, with values ranging from 0.70 to 1.54. This ratio reflects the effectiveness of the company in generating sales from all its assets, both fixed and current. REX American Resources Corporation's total asset turnover has shown some fluctuations, suggesting varying levels of efficiency in utilizing all its assets to generate revenue.

Overall, a higher fixed asset turnover ratio is preferable as it indicates better utilization of fixed assets, while a higher total asset turnover ratio reflects efficient use of all assets. REX American Resources Corporation should continue to monitor these ratios to ensure optimal asset utilization and revenue generation.