REX American Resources Corporation (REX)

Current ratio

		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
Total current assets	US$ in thousands	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	271,135	260,530	258,992	253,646
Total current liabilities	US$ in thousands	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	31,599	24,433	22,267	20,324
Current ratio		6.82	8.59	8.16	9.97	6.83	6.53	8.52	8.82	6.84	6.60	7.36	9.11	8.42	9.46	11.65	12.44	8.58	10.66	11.63	12.48

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $452,103K ÷ $66,259K
= 6.82

The current ratio of REX American Resources Corporation has shown some fluctuations over the periods provided in the table. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.

From the data provided, we observe that the current ratio ranged between 6.53 and 12.48 over the past 20 periods. The highest current ratio was 12.48 in Oct 2019, indicating that the company had a strong ability to cover its short-term obligations with its current assets at that time. On the other hand, the lowest current ratio was 6.53 in Jan 2023, suggesting a relatively weaker liquidity position compared to other periods.

Overall, the current ratio of REX American Resources Corporation has generally been above 1, indicating that the company has had sufficient current assets to cover its short-term liabilities across the periods analyzed. However, the fluctuations in the current ratio suggest varying levels of liquidity and working capital management over time. Further analysis of the company's financial statements and business operations would be needed to understand the underlying reasons for these fluctuations.