REX American Resources Corporation (REX)

Working capital 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 current assets US$ in thousands 435,819 436,497 418,914 421,613 452,103 418,085 387,943 360,956 372,644 374,020 357,332 342,882 345,167 307,242 284,699 269,781 258,750 253,005 246,939 247,138
Total current liabilities US$ in thousands 50,443 43,960 51,909 62,700 66,259 48,690 47,541 36,189 54,599 57,282 41,953 38,859 50,483 46,535 38,695 29,625 30,737 26,742 21,189 19,869
Working capital turnover 1.67 1.71 1.96 2.18 2.16 2.29 2.48 2.69 2.69 2.74 2.69 2.65 2.63 2.64 2.48 1.89 1.64 1.63 1.46 1.75

January 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $642,491K ÷ ($435,819K – $50,443K)
= 1.67

The working capital turnover ratio of REX American Resources Corporation has shown fluctuations over the reported periods. The ratio indicates how efficiently the company is using its working capital to generate sales revenue.

From April 2020 to July 2021, the working capital turnover steadily increased from 1.75 to 2.48, indicating an improvement in the company's ability to efficiently utilize its working capital in generating sales. This suggests that REX American Resources Corporation was able to generate more sales revenue for each unit of working capital during this period.

However, from July 2021 to January 2025, the working capital turnover ratio fluctuated between 1.67 and 2.74. Despite the fluctuations, the ratio remained above 1, suggesting that the company generally continued to effectively utilize its working capital to generate sales.

The highest working capital turnover was recorded in October 2022 at 2.74, indicating a peak in efficiency during that period. The lowest ratio was reported in October 2024 at 1.71, implying a temporary decrease in the company's ability to convert working capital into sales revenue efficiently.

Overall, the trend in the working capital turnover ratio for REX American Resources Corporation indicates varying levels of efficiency in utilizing working capital to generate sales revenue over the reported periods.