REX American Resources Corporation (REX)

Receivables 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
Receivables	US$ in thousands	28,913	28,124	32,498	25,733	18,998
Receivables turnover		28.82	30.40	23.84	14.48	21.99

January 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $833,384K ÷ $28,913K
= 28.82

The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting its outstanding receivables more quickly.

Analyzing REX American Resources Corporation's receivables turnover over the past five years, we observe fluctuations in the ratio. The trend shows that in Jan 31, 2024, the receivables turnover ratio was 28.82, which decreased from 30.40 in Jan 31, 2023. Despite the decrease, the ratio remained relatively high, indicating that REX American Resources Corporation is collecting its receivables efficiently.

Comparing the current ratio to previous years, it is evident that REX American Resources Corporation's collection efficiency has generally improved over the years, as seen by the increasing trend from 2020 to 2023. However, the slight drop in the ratio in 2024 could signify a slower collection of receivables compared to the previous year.

Overall, REX American Resources Corporation's receivables turnover ratio reflects a relatively efficient collection process, although further analysis would be needed to understand the exact reasons behind the fluctuations in the ratio.