Worthington Industries Inc (WOR)
Fixed asset turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Property, plant and equipment | US$ in thousands | — | 775,621 | 795,109 | 550,118 | 572,644 |
| Fixed asset turnover | — | 6.34 | 6.59 | 5.76 | 5.34 |
May 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,245,700K ÷ $—K
= —
The fixed asset turnover ratio for Worthington Industries Inc has shown an upward trend over the past few years, indicating an improvement in the company's ability to generate revenue from its fixed assets. In May 2020, the ratio stood at 5.34, which increased to 5.76 by May 2021, further increasing to 6.59 by May 2022. Although there was a slight decrease to 6.34 by May 2023, the ratio remains relatively high, suggesting that Worthington Industries is utilizing its fixed assets effectively to generate sales. However, the data for May 31, 2024, is not available, making it difficult to provide a complete trend analysis for that year. Overall, the increasing trend in the fixed asset turnover ratio reflects positively on the company's operational efficiency and asset utilization.
Peer comparison
May 31, 2024