REX American Resources Corporation (REX)

Pretax margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	83,495	37,239	71,395	2,455	5,442
Revenue	US$ in thousands	833,384	855,000	774,802	372,664	417,700
Pretax margin		10.02%	4.36%	9.21%	0.66%	1.30%

January 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $83,495K ÷ $833,384K
= 10.02%

The pretax margin of REX American Resources Corporation has fluctuated over the past five years. In the most recent fiscal year, ending January 31, 2024, the company achieved a pretax margin of 10.02%, reflecting a significant improvement compared to the previous year's margin of 4.36%. This indicates that the company was able to generate more profits before taxes relative to its revenue in the most recent year.

Looking back further, we observe that the pretax margin was also relatively high in the fiscal year ending January 31, 2022, at 9.21%. However, there was a notable decline in the pretax margin in the fiscal years ending January 31, 2021, and January 31, 2020, with margins of 0.66% and 1.30%, respectively.

Overall, REX American Resources Corporation's pretax margin has shown variability in recent years, with fluctuations reflecting changes in the company's ability to control expenses and generate profits before taxes. The significant increase in the pretax margin in the most recent fiscal year suggests an improvement in the company's operational efficiency and profitability compared to previous periods.