Worthington Industries Inc (WOR)
Total 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 |
| Total assets | US$ in thousands | 1,657,020 | 1,645,270 | 1,704,690 | 3,584,140 | 3,476,690 | 3,650,920 | 3,497,670 | 3,390,660 | 3,510,140 | 3,643,020 | 3,738,160 | 3,517,630 | 3,547,760 | 3,373,240 | 3,137,870 | 3,027,380 | 3,131,050 | 2,331,520 | 2,429,080 | 2,408,960 |
| Total asset turnover | 0.69 | 0.72 | 1.26 | 0.61 | 0.88 | 1.14 | 1.27 | 1.62 | 1.58 | 1.44 | 1.26 | 1.16 | 1.01 | 0.94 | 0.89 | 0.93 | 0.93 | 1.31 | 1.39 | 1.45 |
November 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,146,338K ÷ $1,657,020K
= 0.69
The total asset turnover ratio of Worthington Industries Inc has fluctuated over the periods provided. From November 30, 2019, to May 31, 2020, the total asset turnover declined from 1.45 to 1.31, indicating a decrease in the company's ability to generate sales from its total assets. This trend continued through August 31, 2020, where the ratio dropped to 0.93.
However, from November 30, 2020, to May 31, 2022, there was a gradual improvement in the total asset turnover ratio, increasing from 0.93 to 1.44. This suggests that the company became more efficient in utilizing its assets to generate revenue during this period.
In the latter part of the data range, from August 31, 2022, to November 30, 2024, the total asset turnover ratio fluctuated but generally trended downwards, reaching its lowest point of 0.61 on November 30, 2023, before recovering slightly to 0.69 on November 30, 2024.
Overall, the total asset turnover ratio of Worthington Industries Inc has shown variability over the periods analyzed, with periods of improvement followed by periods of decline. It is important for the company to focus on optimizing its asset utilization to enhance its overall operational efficiency and profitability.
Peer comparison
Nov 30, 2024