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

Company name
Symbol
Total asset turnover
Worthington Industries Inc
WOR
0.69
Gibraltar Industries Inc
ROCK
1.10
Insteel Industries Inc
IIIN
1.25
Worthington Steel Inc
WS
1.84