REX American Resources Corporation (REX)

Return on equity (ROE)

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 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
Net income (ttm) US$ in thousands 58,167 67,637 69,213 65,890 60,935 48,528 25,636 27,751 27,697 40,962 53,056 49,762 52,364 34,481 28,044 18,420 3,001 3,860 -7,033 -3,029
Total stockholders’ equity US$ in thousands 560,337 564,491 539,633 524,467 513,918 492,993 466,560 453,641 447,982 439,472 442,784 436,018 430,792 409,323 399,272 392,609 384,783 381,909 386,354 389,488
ROE 10.38% 11.98% 12.83% 12.56% 11.86% 9.84% 5.49% 6.12% 6.18% 9.32% 11.98% 11.41% 12.16% 8.42% 7.02% 4.69% 0.78% 1.01% -1.82% -0.78%

January 31, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $58,167K ÷ $560,337K
= 10.38%

ROE, or Return on Equity, is a key financial ratio that measures a company's profitability by showing how much profit it generates with the shareholders' equity invested in the company. For REX American Resources Corporation, the ROE fluctuated over the analyzed periods.

The ROE started at negative values in April and July 2020, indicating that the company was not efficiently utilizing its equity to generate profits during that time. However, the ROE turned positive in October 2020 and continued to increase gradually until January 2022, indicating an improvement in profitability relative to the shareholders' equity.

From January 2022 to July 2022, there was a significant increase in ROE, reaching a peak of 11.98% in July 2022. This could suggest improved operational efficiency and effective management of the company's resources during this period.

However, the ROE showed some fluctuations in the subsequent periods, with values ranging between 5.49% and 12.83% up to July 2024. This may indicate some variability in the company's profitability and efficiency in utilizing shareholder equity during these periods.

Overall, the trend of ROE for REX American Resources Corporation shows periods of both improvement and fluctuations, highlighting the importance of ongoing monitoring and analysis to assess the company's profitability and efficiency in generating returns for its shareholders.