REX American Resources Corporation (REX)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	664,802	627,564	592,936	566,541	579,579	575,039	559,870	548,041	550,361	524,402	505,507	486,140	479,345	475,161	472,338	476,038	500,502	493,572	494,705	492,492
Operating ROA		9.57%	9.67%	5.48%	5.33%	5.61%	9.80%	12.82%	12.56%	12.71%	7.24%	6.44%	4.59%	0.12%	0.07%	-4.02%	-2.94%	-0.23%	-1.12%	0.55%	1.37%

January 31, 2024 calculation

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

Operating return on assets (operating ROA) measures a company's ability to generate profit from its operating assets. REX American Resources Corporation's operating ROA fluctuated over the periods analyzed, ranging from -4.02% to 12.82%. The highest operating ROA of 12.82% was observed in July 2022, indicating efficient operation in generating profit from assets. Subsequently, the operating ROA saw a decline before stabilizing around 5-9% in recent periods. The company's ability to generate profit from its assets has varied, suggesting fluctuations in operational efficiency and profitability. Further analysis of underlying factors influencing these changes would provide insights into the company's operational performance.