REX American Resources Corporation (REX)

Net profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	60,935	27,697	52,364	3,001	7,427
Revenue	US$ in thousands	833,384	855,000	774,802	372,664	417,700
Net profit margin		7.31%	3.24%	6.76%	0.81%	1.78%

January 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $60,935K ÷ $833,384K
= 7.31%

The net profit margin of REX American Resources Corporation has experienced fluctuations over the past five years. In particular, the net profit margin increased significantly from 0.81% in January 2021 to 7.31% in January 2024, indicating a marked improvement in the company's profitability efficiency during this period. However, it is important to note that the net profit margin was relatively low in January 2023 and January 2020 at 3.24% and 1.78%, respectively.

The upward trend in the net profit margin suggests that REX American Resources Corporation has managed to enhance its profitability relative to its revenue in recent years. This improvement may be attributed to various factors such as cost control measures, revenue growth, operational efficiencies, or strategic decision-making.

Overall, the increasing net profit margin signifies positive performance in terms of the company's ability to generate profit from its operations, which is a key indicator of financial health and operational effectiveness.