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.