REX American Resources Corporation (REX)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	98,218	82,707	52,690	48,441	50,187	74,065	89,944	89,995	97,560	65,626	59,403	43,918	15,111	14,861	-5,826	-491	12,485	8,110	17,615	23,010
Revenue (ttm)	US$ in thousands	833,384	845,937	845,135	873,486	855,000	866,849	849,638	804,988	774,802	688,804	609,955	453,604	372,812	367,714	330,168	396,709	418,034	410,458	447,537	470,426
Gross profit margin		11.79%	9.78%	6.23%	5.55%	5.87%	8.54%	10.59%	11.18%	12.59%	9.53%	9.74%	9.68%	4.05%	4.04%	-1.76%	-0.12%	2.99%	1.98%	3.94%	4.89%

January 31, 2024 calculation

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

The gross profit margin of REX American Resources Corporation has demonstrated fluctuating trends over the past several quarters. The margin has ranged from a low of -1.76% to a high of 12.59%, indicating variability in the company's ability to generate profit from its sales after deducting the cost of goods sold.

In recent quarters, there has been a general downward trend in the gross profit margin, with the latest reported margin at 11.79% as of January 31, 2024. This decrease suggests potential challenges in maintaining profitability amid factors such as changes in input costs, pricing strategies, or competitive pressures.

It is important for the company to closely monitor and manage its cost structures, pricing strategies, and operational efficiencies to sustain or improve its gross profit margin in the future. Additionally, further analysis of the underlying reasons behind the fluctuations in the margin may provide insights for strategic decision-making and performance improvement.