Worthington Industries Inc (WOR)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,153,760 | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 |
| Property, plant and equipment | US$ in thousands | — | — | 775,621 | 795,109 | 550,118 |
| Fixed asset turnover | — | — | 6.34 | 6.59 | 5.76 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,153,760K ÷ $—K
= —
The fixed asset turnover ratio for Worthington Industries Inc. demonstrates a trend of operational efficiency in asset utilization over the period from May 31, 2021, to May 31, 2023. Specifically, the ratio increased from 5.76 in 2021 to 6.59 in 2022, indicating that the company generated a higher level of sales per dollar invested in fixed assets during this timeframe. However, a slight decrease to 6.34 in 2023 suggests a marginal reduction in this efficiency, though it remains significantly higher than the 2021 level.
The data for the subsequent years (May 31, 2024, and May 31, 2025) are unavailable, precluding further analysis of long-term trends or assessment of future asset utilization. Overall, the movement from 2021 through 2023 reflects an initial improvement in fixed asset efficiency, followed by a minor decline but maintaining a generally elevated ratio relative to 2021.
Peer comparison
May 31, 2025