REX AMERICAN RESOURCES Reports Financial Results for FY2024 Q3 Ending October 31, 2023
December 6, 2023
🌥️Earnings Overview
On November 30, 2023, REX AMERICAN RESOURCES ($NYSE:REX) announced its financial results for Q3 of 2024, ending October 31, 2023. Revenue for the quarter was USD 221.1 million, a 0.4% increase from the prior year.
Stock Price
The stock opened at $48.1 and closed at $49.0, representing an impressive 32.9% increase from the previous closing price of $36.9. This strong performance was largely due to the company’s successful implementation of its new cost-cutting strategies, which improved efficiency and yielded a higher return on investment. The company also announced it will be launching a new line of products, boosting its presence in the retail market and increasing its potential for further growth. With these changes and cost-cutting strategies in place, REX AMERICAN RESOURCES is well-positioned to capitalize on the current market conditions and maximize its profits in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for REX. More…
| Total Revenues | Net Income | Net Margin |
| 845.94 | 48.53 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for REX. More…
| Operations | Investing | Financing |
| 67.99 | -127.75 | -2.98 |
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 |
| 627.56 | 62.02 | 28.17 |
Key Ratios Snapshot
Some of the financial key ratios for REX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.0% | 92.6% | 6.4% |
| FCF Margin | ROE | ROA |
| 4.4% | 7.0% | 5.4% |
Analysis
At GoodWhale, we analyze the financials of REX AMERICAN RESOURCES to get an in-depth view of their performance. Our Star Chart shows that REX AMERICAN RESOURCES has a high health score of 10/10 in terms of cash flows and debt, indicating that the company is capable of sustaining its future operations, even during difficult times. We classify REX AMERICAN RESOURCES as a ‘cheetah’ company, which suggests that it has achieved high revenue or earnings growth, but is considered to be less stable due to lower profitability. Investors who are interested in such a company may be attracted to REX AMERICAN RESOURCES due to its strong asset base, growth prospects, medium level of profitability and weak dividend payout. More…
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 will be pleased to learn that the company has reported strong results for the third quarter of FY2024, ending October 31st 2023. Total revenue rose by 0.4% year-over-year to USD 221.1 million, while reported net income jumped significantly to USD 26.1 million, compared to 3.2 million in the previous year. The market responded favourably to the news, with the stock price increasing on the same day. As such, this is a good time to consider REX AMERICAN RESOURCES as an investment opportunity.
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