REX American Resources Corporation (REX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	513,918	492,993	466,560	453,641	447,982	439,472	442,784	436,018	430,792	409,323	399,272	392,609	384,783	381,909	386,354	389,488	401,007	396,565	398,578	395,795
ROE		10.94%	9.51%	4.31%	4.90%	4.95%	9.71%	11.98%	11.41%	12.16%	8.42%	7.02%	4.69%	0.78%	1.01%	-1.82%	-0.78%	1.85%	1.03%	4.52%	6.31%

January 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $56,242K ÷ $513,918K
= 10.94%

Based on the data provided for REX American Resources Corporation, the return on equity (ROE) fluctuated over the past few quarters.

The ROE ranged from a low of -1.82% in July 2020 to a high of 12.16% in January 2022. The ROE improved significantly from July 2020 to January 2022, indicating enhanced profitability and efficiency in utilizing shareholder equity to generate earnings.

However, after reaching the peak in January 2022, the ROE declined in subsequent quarters before showing some improvement in October 2023. The ROE was at 9.51% in October 2023, which was higher than the previous quarter but still below the peak levels seen in early 2022.

The trend in ROE suggests fluctuations in the company's profitability and efficiency in generating returns for shareholders. It would be important to further investigate the underlying factors contributing to these changes in ROE, such as changes in revenue, expenses, asset utilization, or capital structure.