REX American Resources (FRA:RX3) ROCE % : 15.41% (As of Jan. 2024)

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What is REX American Resources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. REX American Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was 15.41%.

REX American Resources ROCE % Historical Data

The historical data trend for REX American Resources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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REX American Resources ROCE % Chart

REX American Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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0.19

0.39

15.08

5.15

12.19

REX American Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															6.00	3.30	7.21	23.05	15.41

REX American Resources ROCE % Calculation

REX American Resources's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	63.194	/	( ( (537.849 - 50.668)	+	(610.288 - 60.826) )	/ 2 )
	=	63.194	/	( (487.181	+	549.462)	/ 2 )
	=	63.194	/	518.3215
	=	12.19 %

REX American Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	84.556	/	( ( (594.303 - 46.109)	+	(610.288 - 60.826) )	/ 2 )
	=	84.556	/	( ( 548.194	+	549.462 )	/ 2 )
	=	84.556	/	548.828
	=	15.41 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

REX American Resources (FRA:RX3) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

REX American Resources ROCE % Related Terms

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REX American Resources (FRA:RX3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » REX American Resources Corp (FRA:RX3) » Definitions » ROCE %

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REX:USA

Address

7720 Paragon Road, Dayton, OH, USA, 45459

Website

https://www.rexamerican.com

REX American Resources Corp operates as a holding company, which engages in investment in alternative energy and ethanol production entities. Its operating segments include Ethanol and By-Products. Its products include dried distillers grains, modified distillers grains, and non-food grade corn oil.

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