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REX American Resources (REX)

REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 605 million gallons of ethanol over the twelve month period ended October 31, 2020. REX's effective ownership of the trailing twelve month gallons shipped (for the twelve months ended October 31, 2020) by the ethanol production facilities in which it currently has ownership interests was approximately 220 million gallons.

Company profile

Ticker
REX
Exchange
CEO
Zafar A. Rizvi
Employees
Incorporated
Location
Fiscal year end
Former names
REX STORES CORP
SEC CIK
Subsidiaries
AVA Acquisition Corp. • REX Carbon, LLC • REX IP, LLC • REX Marketing Group • Farmers Energy Incorporated • Farmers Energy • One Earth Energy • FEI Investment Incorporated • Future Energy • NuGen Energy ...
IRS number
311095548

REX stock data

Calendar

27 May 22
12 Aug 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 71.61M 71.61M 71.61M 71.61M 71.61M 71.61M
Cash burn (monthly) 53.49M 7.27M (no burn) (no burn) 5.89M (no burn)
Cash used (since last report) 183.74M 24.97M n/a n/a 20.24M n/a
Cash remaining -112.13M 46.64M n/a n/a 51.36M n/a
Runway (months of cash) -2.1 6.4 n/a n/a 8.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 MacMillan Anne Common stock $.01 par value Grant Acquire A No No 0 580 0 1,562
15 Jun 22 Fisher Lee Common stock $.01 par value Grant Acquire A No No 0 580 0 2,974
15 Jun 22 Elcan Charles A Common stock $.01 par value Grant Acquire A No No 0 580 0 17,934
15 Jun 22 Harris David Common stock $.01 par value Grant Acquire A No No 0 869 0 5,656
15 Jun 22 Alphonso Mervyn L Common stock $.01 par value Grant Acquire A No No 0 580 0 1,674
81.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 133 121 +9.9%
Opened positions 25 19 +31.6%
Closed positions 13 4 +225.0%
Increased positions 39 40 -2.5%
Reduced positions 49 41 +19.5%
13F shares Current Prev Q Change
Total value 9.27B 9.91B -6.5%
Total shares 4.8M 4.79M +0.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 889.32K $88.58M -0.2%
Dimensional Fund Advisors 478.45K $47.65M +0.3%
TROW T. Rowe Price 430.86K $42.91M -24.6%
Vanguard 410.81K $40.92M +3.7%
Renaissance Technologies 360.71K $35.93M -0.3%
Systematic Financial Management 255.28K $25.43M -3.1%
Brown Advisory 254.31K $25.31M +2.0%
STT State Street 253.46K $25.24M +21.3%
Portolan Capital Management 100.57K $10.02M -32.1%
Geode Capital Management 93.12K $9.27M +1.5%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 430.86K -140.62K -24.6%
Portolan Capital Management 100.57K -47.52K -32.1%
STT State Street 253.46K +44.44K +21.3%
WFC Wells Fargo & Co. 3.77K -37.65K -90.9%
Millennium Management 33.28K +33.28K NEW
South Dakota Investment Council 60.98K +22.08K +56.7%
Monarch Partners Asset Management 36.9K -16.26K -30.6%
Vanguard 410.81K +14.52K +3.7%
Los Angeles Capital Management & Equity Research 12.93K +12.93K NEW
Jacobs Levy Equity Management 49.18K +12.4K +33.7%

Financial report summary

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Management Discussion
  • We have been an investor in ethanol production facilities beginning in 2006 and a refined coal production facility during the period from 2017 through November 2021. We currently have equity investments in three ethanol production entities, two of which are majority ownership interests. Our refined coal business ceased operations in November 2021 and the facility was subsequently sold. We have classified the refined coal business as discontinued operations. We may make additional alternative energy investments in the future and are currently working on a carbon sequestration project near our One Earth Energy location.
  • Our ethanol operations are highly dependent on commodity prices, especially prices for corn, ethanol, distillers grains, non-food grade corn oil and natural gas. As a result of price volatility for these commodities, our operating results can fluctuate substantially. The price and availability of corn is subject to significant fluctuations depending upon a number of factors that affect commodity prices in general, including crop conditions, weather, federal policy and foreign trade. Because the market price of ethanol is not always directly related to corn prices, at times ethanol prices may not follow movements in corn prices and, in an environment of higher corn prices or lower ethanol prices, reduce the overall margin structure at the plants. As a result, at times, we may operate our plants at negative or minimally positive operating margins.
  • We expect our ethanol plants to produce at least 2.8 gallons of denatured ethanol for each bushel of grain processed in the production cycle. We refer to the actual gallons of denatured ethanol produced per bushel of grain processed as the realized yield. We refer to the difference between the price per gallon of ethanol and the price per bushel of grain (divided by the realized yield) as the “crush spread.” Should the crush spread decline, it is possible that our ethanol plants will generate operating results that do not provide adequate cash flows for sustained periods of time. In such cases, production at the ethanol plants may be reduced or stopped altogether in order to minimize variable costs at individual plants.

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