REX American Resources Corporation (REX)

Pretax margin

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 92,872 107,426 109,203 105,759 98,484 79,358 44,170 47,333 47,479 70,762 83,894 71,054 70,647 37,257 33,142 20,688 -1,482 -1,874 -21,889 -15,079
Revenue (ttm) US$ in thousands 642,491 671,877 718,079 781,901 833,384 845,937 845,135 873,486 855,000 866,849 849,638 805,153 774,967 688,969 610,120 453,604 372,812 367,714 330,168 396,709
Pretax margin 14.45% 15.99% 15.21% 13.53% 11.82% 9.38% 5.23% 5.42% 5.55% 8.16% 9.87% 8.82% 9.12% 5.41% 5.43% 4.56% -0.40% -0.51% -6.63% -3.80%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $92,872K ÷ $642,491K
= 14.45%

The pretax margin of REX American Resources Corporation has shown fluctuations over the past few years. From April 2020 to July 2022, the company experienced negative pretax margins, indicating that its operating expenses and other costs were surpassing its gross profits before taxes.

However, from April 2022 onwards, there has been a positive trend in the pretax margin, indicating an improvement in the company's profitability. The pretax margin increased steadily from 4.56% in April 2021 to a peak of 15.99% in October 2024, before slightly declining to 14.45% by January 2025.

This positive trend in the pretax margin suggests that REX American Resources Corporation has been able to effectively manage its costs and increase its operational efficiency in recent years, leading to improved profitability. Investors and stakeholders may view this as a positive signal of the company's financial health and management effectiveness.