Worthington Industries Inc (WOR)
Fixed asset turnover
| Nov 30, 2024 | Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,146,338 | 1,184,210 | 2,155,762 | 2,185,322 | 3,062,633 | 4,159,375 | 4,450,815 | 5,482,740 | 5,540,060 | 5,242,220 | 4,700,239 | 4,081,108 | 3,579,340 | 3,171,429 | 2,804,737 | 2,809,624 | 2,906,169 | 3,059,119 | 3,386,334 | 3,496,719 |
| Property, plant and equipment | US$ in thousands | 259,575 | 255,896 | 268,382 | 704,014 | 681,868 | 256,415 | 682,229 | 682,183 | 683,503 | 696,340 | 694,497 | 551,634 | 548,268 | 515,017 | 560,225 | 572,324 | 585,946 | 572,644 | 572,270 | 568,495 |
| Fixed asset turnover | 4.42 | 4.63 | 8.03 | 3.10 | 4.49 | 16.22 | 6.52 | 8.04 | 8.11 | 7.53 | 6.77 | 7.40 | 6.53 | 6.16 | 5.01 | 4.91 | 4.96 | 5.34 | 5.92 | 6.15 |
November 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,146,338K ÷ $259,575K
= 4.42
The fixed asset turnover ratio for Worthington Industries Inc has shown fluctuations over the past few periods. Starting at 6.15 in November 2019, it decreased to 4.91 by November 2020, which indicates a decrease in efficiency in generating sales relative to the investment in fixed assets. However, the ratio improved thereafter, reaching a peak of 16.22 in May 2023, suggesting a significant increase in sales generated per dollar invested in fixed assets.
Subsequently, the ratio declined to 3.10 in November 2023, indicating a potential decrease in sales relative to fixed assets investment. The ratio then spiked to 8.03 in February 2024, suggesting improved efficiency in generating sales. However, it dropped to 4.63 in August 2024 and further to 4.42 in November 2024.
Overall, the trend of the fixed asset turnover ratio for Worthington Industries Inc demonstrates varying levels of efficiency in utilizing fixed assets to generate sales. The company experienced periods of both improvement and decline in this ratio over the analyzed period, indicating changes in operational efficiency and productivity in sales generation.
Peer comparison
Nov 30, 2024