REX American Resources Corporation (REX)

Gross profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Gross profit	US$ in thousands	98,218	48,602	97,560	19,533	20,402
Revenue	US$ in thousands	833,384	855,000	774,802	372,664	417,700
Gross profit margin		11.79%	5.68%	12.59%	5.24%	4.88%

January 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $98,218K ÷ $833,384K
= 11.79%

The gross profit margin of REX American Resources Corporation has shown fluctuations over the past five years. In January 2024, the gross profit margin improved to 11.79%, indicating that the company generated 11.79 cents of gross profit for every dollar of revenue. This represents a significant increase from the previous year's margin of 5.68%. The trend over the five-year period demonstrates some volatility, with the highest gross profit margin recorded in January 2022 at 12.59% and the lowest in January 2020 at 4.88%. Overall, the recent improvement in the gross profit margin suggests that REX American Resources Corporation has been able to enhance its efficiency in controlling the cost of goods sold relative to its revenue.