REX American Resources Corporation (REX)
Working capital 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 current assets | US$ in thousands | 435,819 | 452,103 | 372,644 | 345,167 | 258,750 |
Total current liabilities | US$ in thousands | 50,443 | 66,259 | 54,599 | 50,483 | 30,737 |
Working capital turnover | 1.67 | 2.16 | 2.69 | 2.63 | 1.63 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $642,491K ÷ ($435,819K – $50,443K)
= 1.67
The working capital turnover of REX American Resources Corporation has experienced fluctuations over the past five years. It increased from 1.63 in January 31, 2021, to 2.63 in January 31, 2022, showing a significant improvement in the efficiency of utilizing working capital. This upward trend continued in the following years, reaching 2.69 in January 31, 2023, which indicates the company was able to generate more revenue using its working capital resources.
However, there was a slight decline in the working capital turnover to 2.16 in January 31, 2024, which suggests a potential decrease in efficiency in generating sales relative to the working capital employed. The trend further decreased to 1.67 in January 31, 2025, indicating a notable decrease in the efficiency of working capital utilization compared to the previous year.
Overall, the working capital turnover ratio of REX American Resources Corporation demonstrates variability, highlighting the importance of closely monitoring and managing the efficient use of working capital to optimize revenue generation.
Peer comparison
Jan 31, 2025