Worthington Industries Inc (WOR)
Gross profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 285,019 | 663,312 | 714,816 | 639,078 | 443,337 |
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Gross profit margin | 22.88% | 13.49% | 13.64% | 20.15% | 14.49% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $285,019K ÷ $1,245,700K
= 22.88%
Based on the data provided, Worthington Industries Inc's gross profit margin has exhibited fluctuations over the past five years.
In May 2020, the gross profit margin was 14.49%, which increased to 20.15% by May 2021, indicating an improvement in the company's ability to generate profits from its core business operations. However, in the following years, the margin decreased to 13.64% in May 2022 and 13.49% in May 2023, suggesting potential challenges in maintaining profitability levels.
The most recent data point, recorded in May 2024, shows a significant improvement in the gross profit margin to 22.88%. This notable increase may signal enhanced efficiency in managing production costs, pricing strategies, or revenue generation, leading to a healthier bottom line for the company.
Overall, the fluctuation in Worthington Industries Inc's gross profit margin over the five-year period highlights the importance of continuous monitoring and strategic decision-making to sustain and improve profitability in the competitive business environment.
Peer comparison
May 31, 2024