REX American Resources Corporation (REX)

Operating return on assets (Operating ROA)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Operating income	US$ in thousands	63,594	20,197	63,524	-24,706	-6,773
Total assets	US$ in thousands	664,802	579,579	550,361	479,345	500,502
Operating ROA		9.57%	3.48%	11.54%	-5.15%	-1.35%

January 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $63,594K ÷ $664,802K
= 9.57%

Rex American Resources Corporation's operating return on assets (operating ROA) has fluctuated over the past five years. In 2024, the operating ROA stood at 9.57%, which reflects an improvement compared to the prior year where it was at 3.48%. This indicates that the company is generating more operating income relative to its assets in the most recent period, which can be seen as a positive sign for its operational efficiency.

Looking back to 2022, the operating ROA was higher at 11.54%, suggesting a strong performance in utilizing its assets to generate operating profits. However, in 2021 and 2020, the company experienced negative operating ROA figures of -5.15% and -1.35% respectively. This signifies that in those years, the company may have struggled to generate sufficient operating income relative to its asset base.

Overall, the trend in operating ROA for Rex American Resources Corporation shows variability in its efficiency of generating operating income from its assets over the past five years, with the most recent year indicating an improvement in the utilization of assets to drive operating profits.