REX American Resources Corporation (REX)

Operating 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
Operating income (ttm)	US$ in thousands	63,594	60,711	32,480	30,182	32,494	56,372	71,764	68,820	69,925	37,991	32,571	22,310	561	311	-19,002	-13,993	-1,144	-5,519	2,707	6,756
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
Operating profit margin		7.63%	7.18%	3.84%	3.46%	3.80%	6.50%	8.45%	8.55%	9.02%	5.52%	5.34%	4.92%	0.15%	0.08%	-5.76%	-3.53%	-0.27%	-1.34%	0.60%	1.44%

January 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $63,594K ÷ $833,384K
= 7.63%

The operating profit margin of REX American Resources Corporation has shown varying trends over the past few quarters. From January 2024 to July 2023, the operating profit margin ranged from 3.84% to 7.63%, indicating some level of fluctuation in the company's profitability during this period. The margins then spiked to 8.45% and 8.55% in the quarters ending October 2022 and April 2022, respectively, suggesting improved operational efficiency.

However, a significant decline was observed in the operating profit margin during the quarter ending January 2021, where it dropped to 0.15%, and even entered negative territory in the following quarter ending April 2021 at -5.76%. This downturn suggests potential challenges or inefficiencies impacting the company's profitability during this time.

Overall, the operating profit margin of REX American Resources Corporation has exhibited a mixed performance, with periods of both growth and decline. It is essential for the company to analyze the factors contributing to these fluctuations and implement strategies to sustain and improve its profitability in the future.