REX AMERICAN RESOURCES Reports 11.8% Decrease in Q2 FY2024 Revenue
September 1, 2023
🌥️Earnings Overview
On August 30 2023, REX AMERICAN RESOURCES ($NYSE:REX) announced their financial results for the second quarter of FY2024, indicating a decline of 11.8% in total revenue since the same quarter of the previous year to USD 212.0 million. Net income dropped by 18.9% year-over-year to USD 9.1 million.
Analysis
GoodWhale conducted an analysis of the fundamentals of REX AMERICAN RESOURCES and classified it as a ‘rhino’ company, which is a type of company that has achieved moderate revenue or earnings growth. According to our Star Chart analysis, REX AMERICAN RESOURCES has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Additionally, REX AMERICAN RESOURCES is strong in asset, medium in growth, profitability and weak in dividend. Given its fundamentals, this company may be of interest to investors who are looking for a company with moderate revenue or earnings growth, strong assets and medium growth potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for REX. More…
| Total Revenues | Net Income | Net Margin |
| 845.13 | 25.64 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for REX. More…
| Operations | Investing | Financing |
| 62.66 | -6.56 | -9.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for REX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 592.94 | 59.39 | 26.83 |
Key Ratios Snapshot
Some of the financial key ratios for REX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.8% | 92.6% | 3.0% |
| FCF Margin | ROE | ROA |
| 5.0% | 3.5% | 2.7% |
Peers
The competition among REX American Resources Corp and its competitors is fierce. All four companies are striving to be the top producer of renewable fuels in the world. They are all working hard to develop new and innovative ways to produce renewable fuels, and they are all investing heavily in research and development. The competition among these companies is driving down costs and making renewable fuels more accessible to the general public.
– Green Plains Inc ($NASDAQ:GPRE)
Green Plains Inc. is a publicly traded company with a market capitalization of $1.96 billion as of 2022. The company is engaged in the business of producing and selling ethanol and related products. The company has a return on equity of -1.51%. Green Plains Inc. is headquartered in Omaha, Nebraska.
– CropEnergies AG ($LTS:0DXG)
As of 2022, CropEnergies AG has a market cap of 1.33B and a return on equity of 16.42%. The company produces and sells bioethanol, a renewable fuel made from plant materials. It also produces and sells animal feed and industrial products such as food-grade alcohol and organic acids. CropEnergies AG is headquartered in Mannheim, Germany.
– Gevo Inc ($NASDAQ:GEVO)
Gevo Inc is a publicly traded renewable chemicals and biofuels company. The company has a market cap of 524.42M as of 2022 and a Return on Equity of -6.21%. The company produces ethanol, isobutanol, and other products from renewable feedstocks. Gevo Inc is headquartered in Englewood, Colorado.
Summary
Investors in REX AMERICAN RESOURCES received a disappointing update regarding the company’s earnings in Q2 of FY 2024. Total revenue decreased year-over-year by 11.8%, while net income dropped by 18.9%. This news sent the stock price down on the day of the announcement, indicating that investors are wary of the company’s performance in the near future. Analysts will be closely observing REX AMERICAN RESOURCES to monitor how it is able to recover from this setback and make up for the losses.
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