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Rex American Resources Corporation (REX) |
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Rex American Resources's Suppliers Performance
REX's Supply Chain
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| REX
Costs vs Sales of Suppliers Growth |
Rex American Resources's Suppliers realized sales deteriorated by -11.55 % compare to the same quarter a year ago, from the previous quarter, sales fell by -6.35 %, Rex American Resources's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 162.12 % in Q3.
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Rex American Resources's Suppliers realized sales deteriorated by -11.55 % compare to the same quarter a year ago, from the previous quarter, sales fell by -6.35 %, Rex American Resources recorded increase in cost of sales by 20.52 % year on year, sequentially cost of sales grew by 162.12 % in Q3.
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Rex American Resources's Comment on Supply Chain
The plants we have invested in are designed to use the dry milling method of producing
ethanol. In the dry milling process, the entire corn kernel is first ground into
flour, which is referred to as “meal,” and processed without separating
out the various component parts of the grain. The meal is processed with enzymes,
chemicals and water, and then placed in a high-temperature cooker. It is then
transferred to fermenters where yeast is added and the conversion of sugar to
ethanol begins. After fermentation, the resulting liquid is transferred to distillation
columns where the ethanol is separated from the remaining “stillage”
for fuel uses. The anhydrous ethanol is then blended with denaturant, such as
natural gasoline, to render it undrinkable and thus not subject to beverage alcohol
tax. With the starch elements of the corn consumed in the above described process,
the principal co-product produced by the dry milling process is dry distillers
grains with solubles, or DDGS. DDGS is sold as a protein used in animal feed and
recovers a portion of the corn cost not absorbed in ethanol production.
Rex American Resources's Comment on Supply Chain
The plants we have invested in are designed to use the dry milling method of producing
ethanol. In the dry milling process, the entire corn kernel is first ground into
flour, which is referred to as “meal,” and processed without separating
out the various component parts of the grain. The meal is processed with enzymes,
chemicals and water, and then placed in a high-temperature cooker. It is then
transferred to fermenters where yeast is added and the conversion of sugar to
ethanol begins. After fermentation, the resulting liquid is transferred to distillation
columns where the ethanol is separated from the remaining “stillage”
for fuel uses. The anhydrous ethanol is then blended with denaturant, such as
natural gasoline, to render it undrinkable and thus not subject to beverage alcohol
tax. With the starch elements of the corn consumed in the above described process,
the principal co-product produced by the dry milling process is dry distillers
grains with solubles, or DDGS. DDGS is sold as a protein used in animal feed and
recovers a portion of the corn cost not absorbed in ethanol production.
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REX's Suppliers Net profit fell by |
REX's Suppliers Net margin fell in Q3 to |
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-31.09 % |
1.69 % |
REX's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Rex American Resources Corporation |
604 |
349 |
-3 |
114 |
| Archer daniels midland Co |
32,469 |
64,355 |
1,782 |
33,900 |
| Chs Inc |
0 |
29,501 |
314 |
0 |
| Golden Growers Cooperative |
64 |
48 |
6 |
1 |
| Ocean Bio Chem Inc |
108 |
52 |
9 |
128 |
| Seaboard Corporation |
3,779 |
7,126 |
283 |
10,772 |
| SUBTOTAL |
36,420 |
101,082 |
2,395 |
44,801 |
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53.26 % 