REX American Resources Corporation (REX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	78,802	64,425	29,237	31,914	31,720	60,752	74,274	68,417	71,395	42,664	36,926	21,489	-1,467	6,954	-12,207	-1,535	17,782	-34,249	-7,077	-8,369
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
Pretax margin		9.46%	7.62%	3.46%	3.65%	3.71%	7.01%	8.74%	8.50%	9.21%	6.19%	6.05%	4.74%	-0.39%	1.89%	-3.70%	-0.39%	4.25%	-8.34%	-1.58%	-1.78%

January 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $78,802K ÷ $833,384K
= 9.46%

The pretax margin of REX American Resources Corporation has varied over the past years. In the latest period (ending January 31, 2024), the pretax margin stood at 9.46%, reflecting the percentage of each dollar of revenue that translates to pre-tax profit. This represents an improvement compared to the previous quarter and notably higher than the preceding quarters.

The pretax margin had shown a decreasing trend from the third quarter of 2022 through the second quarter of 2023. However, the company managed to rebound in profitability in the subsequent periods. Notably, the pretax margin fell into negative territory in the first quarter of 2021, indicating a period where the company's expenses exceeded its revenue before taxes.

Overall, the company's pretax margin has shown variability over the years, experiencing both positive and negative margins. It is essential for stakeholders to monitor this metric closely as it provides insights into the company's operating efficiency and profitability.