REX American Resources Corporation (REX)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	833,384	845,937	845,135	873,486	855,000	866,849	849,638	804,988	774,802	688,804	609,955	453,604	372,812	367,714	330,168	396,709	418,034	410,458	447,537	470,426
Total assets	US$ in thousands	664,802	627,564	592,936	566,541	579,579	575,039	559,870	548,041	550,361	524,402	505,507	486,140	479,345	475,161	472,338	476,038	500,502	493,572	494,705	492,492
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

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $833,384K ÷ $664,802K
= 1.25

Total asset turnover is a measure of a company's ability to generate revenue relative to its total assets. In the case of REX American Resources Corporation, the total asset turnover ratio has shown fluctuations over the past several quarters.

The ratio increased steadily from April 2019 to April 2023, indicating that the company was becoming more efficient in generating revenue from its assets during this period. The peak in July 2023 at 1.54 suggests that for every dollar of assets held by the company, it generated $1.54 in revenue.

However, the total asset turnover ratio then experienced a decline from July 2023 to January 2024. This downward trend may indicate that the company's efficiency in utilizing its assets to generate revenue has decreased during this period.

Overall, while REX American Resources Corporation has shown periods of strong asset utilization efficiency, investors and analysts may want to monitor the trend in total asset turnover to assess the company's ability to generate revenue from its assets effectively in the future.