REX American Resources Corporation (REX)
Return on equity (ROE)
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 stockholders’ equity | US$ in thousands | 513,918 | 447,982 | 430,792 | 384,783 | 401,007 |
ROE | 11.86% | 6.18% | 12.16% | 0.78% | 1.85% |
January 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $60,935K ÷ $513,918K
= 11.86%
The return on equity (ROE) of REX American Resources Corporation has exhibited fluctuations over the past five years.
ROE increased significantly from 2020 to 2022, reaching a peak of 12.16% in January 2022. This surge in ROE indicates that the company was effectively utilizing shareholder equity to generate profits during this period.
However, ROE dipped in the following year, dropping to 6.18% in January 2023. This decrease suggests a potential decline in the company's profitability in relation to its equity base.
In the most recent fiscal year ending January 31, 2024, the ROE improved to 11.86%. This uptick indicates a recovery in the company's profitability and its ability to generate returns for shareholders.
Overall, while there were fluctuations in ROE over the five-year period analyzed, the general trend shows a mix of highs and lows, reflecting changes in the company's profitability and efficiency in utilizing shareholder equity across the years.
Peer comparison
Jan 31, 2024