REX American Resources Corporation (REX)

Return on assets (ROA)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	60,935	27,697	52,364	3,001	7,427
Total assets	US$ in thousands	664,802	579,579	550,361	479,345	500,502
ROA		9.17%	4.78%	9.51%	0.63%	1.48%

January 31, 2024 calculation

ROA = Net income ÷ Total assets
= $60,935K ÷ $664,802K
= 9.17%

The return on assets (ROA) for REX American Resources Corporation has experienced fluctuations over the past five years. In 2024, the ROA improved significantly to 9.17% from 4.78% in the previous year, indicating that the company generated a higher return relative to its total assets. This improvement suggests more efficient asset utilization or profitability compared to the prior year's performance.

Looking back, in 2022, the ROA was also relatively strong at 9.51%, showing effective asset management and profitability. However, in 2021 and 2020, the ROA was considerably lower at 0.63% and 1.48%, respectively, reflecting less successful asset performance during those periods.

Overall, REX American Resources Corporation's ROA has shown variability, with notable improvements in 2024 and 2022, but lower levels in 2021 and 2020. It is essential for the company to maintain and enhance its efficiency in generating profits from its assets to sustain long-term financial health and performance.