Worthington Industries Inc (WOR)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,154,679 | 1,166,910 | 1,979,784 | 2,915,736 | 3,825,795 | 4,612,360 | 4,700,980 | 4,916,380 | 5,207,820 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 798,691 | 779,184 | 775,621 | 784,703 | 785,671 | 787,090 | 795,109 | 792,531 | 645,262 | 641,884 | 550,118 | 560,225 | 572,324 | 585,946 | 572,644 |
| Fixed asset turnover | — | — | — | — | — | 5.77 | 6.03 | 6.34 | 6.64 | 6.98 | 7.04 | 6.59 | 5.93 | 6.32 | 5.58 | 5.76 | 5.01 | 4.91 | 4.96 | 5.34 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,154,679K ÷ $—K
= —
Worthington Industries Inc's fixed asset turnover ratio has shown a fluctuating trend over the past few years. The ratio was 5.34 as of May 31, 2020, indicating that the company generated $5.34 in sales for every dollar invested in fixed assets.
Subsequently, the ratio decreased to 4.96 by August 31, 2020, and further decreased to 4.91 by November 30, 2020. This decline may suggest that the company's sales were not increasing at a proportionate rate to its investment in fixed assets during that period.
However, the ratio started to improve, reaching 5.76 by May 31, 2021, and peaking at 7.04 by August 31, 2022. This suggests that Worthington Industries became more efficient in utilizing its fixed assets to generate sales during this period, indicating better operational efficiency.
The ratio then experienced a slight decline in the following quarters, stabilizing around 6.00, and showing a downward trend towards 5.77 as of November 30, 2023. As of the latest available data, the ratio stands at 5.77, signifying that the company generated $5.77 in sales for every dollar invested in fixed assets.
Overall, Worthington Industries Inc's fixed asset turnover ratio has demonstrated variability but has generally shown an improvement in utilizing its fixed assets efficiently to generate sales over the analyzed period.
Peer comparison
Feb 28, 2025