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.
Peer comparison
Jan 31, 2024