REX American Resources Corporation (REX)

Total asset turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	US$ in thousands	642,491	833,384	855,000	774,802	372,664
Total assets	US$ in thousands	720,008	664,802	579,579	550,361	479,345
Total asset turnover		0.89	1.25	1.48	1.41	0.78

January 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $642,491K ÷ $720,008K
= 0.89

The total asset turnover ratio for REX American Resources Corporation has shown fluctuations over the past five years. It increased from 0.78 in January 31, 2021, to 1.41 in January 31, 2022, indicating a more efficient utilization of assets to generate revenue. This improvement continued in the following year, reaching 1.48 by January 31, 2023. However, there was a slight dip in the ratio to 1.25 by January 31, 2024. The ratio further decreased to 0.89 by January 31, 2025, suggesting a potential decline in the company's ability to generate sales relative to its total assets. Overall, while the ratio has shown some volatility, it is important for the company to carefully monitor and manage its asset turnover to ensure optimal efficiency in utilizing its assets to drive revenue growth.