REX American Resources Corporation (REX)

Return on assets (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
Net income (ttm)	US$ in thousands	56,242	46,861	20,117	22,232	22,178	42,676	53,056	49,762	52,364	34,481	28,044	18,420	3,001	3,860	-7,033	-3,029	7,427	4,082	18,009	24,970
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
ROA		8.46%	7.47%	3.39%	3.92%	3.83%	7.42%	9.48%	9.08%	9.51%	6.58%	5.55%	3.79%	0.63%	0.81%	-1.49%	-0.64%	1.48%	0.83%	3.64%	5.07%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $56,242K ÷ $664,802K
= 8.46%

ROA, which stands for return on assets, reflects REX American Resources Corporation's efficiency in generating profit from its assets. The trend of ROA for REX over the periods indicates fluctuation, with some periods showing higher ROA figures compared to others. Notably, the ROA ranged from a low of -1.49% in Jul 31, 2020, to a high of 9.51% in Jan 31, 2022. This variability could suggest changes in the company's profitability and asset management strategies over time.

Overall, REX American Resources Corporation's ROA has shown mixed performance, with some periods exhibiting strong returns while others demonstrating lower profitability relative to the assets employed. Investors and stakeholders may want to further investigate the factors influencing these fluctuations to better understand the company's financial health and operational efficiency.