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.
Peer comparison
Jan 31, 2025