REX American Resources Corporation (REX)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	642,491	671,877	718,079	781,901	833,384	845,937	845,135	873,486	855,000	866,849	849,638	805,153	774,967	688,969	610,120	453,604	372,812	367,714	330,168	396,709
Total assets	US$ in thousands	720,008	715,662	680,009	671,019	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
Total asset turnover		0.89	0.94	1.06	1.17	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

January 31, 2025 calculation

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

The total asset turnover of REX American Resources Corporation has displayed a fluctuating trend over the past few periods. Starting at 0.83 as of April 30, 2020, the ratio decreased to 0.70 by July 31, 2020, before gradually increasing to 1.52 by July 31, 2022. Subsequently, there was a slight decline, with the ratio reaching 0.89 by January 31, 2025.

Overall, the total asset turnover ratio shows how efficiently the company is utilizing its assets to generate revenue. A higher ratio indicates that the company is generating more sales for each dollar invested in assets, reflecting better asset utilization. The fluctuations observed in REX American Resources' total asset turnover should be further analyzed to understand the underlying reasons and implications for the company's operational efficiency and financial performance.