Worthington Industries Inc (WOR)
Gross profit margin
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 638,683 | 644,542 | 626,591 | 598,476 | 521,831 | 585,988 | 664,816 | 714,816 | 773,241 | 794,211 | 745,094 | 639,078 | 502,820 | 454,267 | 439,404 | 443,337 | 479,450 | 453,926 | 454,249 | 479,955 |
| Revenue (ttm) | US$ in thousands | 3,825,795 | 3,855,355 | 3,943,975 | 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 | 3,627,308 | 3,759,556 |
| Gross profit margin | 16.69% | 16.72% | 15.89% | 14.39% | 11.72% | 10.69% | 12.00% | 13.64% | 16.45% | 19.46% | 20.82% | 20.15% | 17.93% | 16.17% | 15.12% | 14.49% | 14.16% | 12.98% | 12.52% | 12.77% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $638,683K ÷ $3,825,795K
= 16.69%
Worthington Industries Inc's gross profit margin has displayed fluctuating trends over the past several quarters. The margin has generally been above 10%, indicating that the company is successfully generating revenue after deducting its cost of goods sold.
The margin peaked at 20.82% in the third quarter of 2021, suggesting efficient cost management and strong pricing strategies during that period. However, it has since declined, reaching a low of 10.69% in the fourth quarter of 2022 before showing signs of recovery.
The recent gross profit margin of 16.69% as of February 29, 2024, shows an improvement compared to the previous quarter, potentially reflecting increased sales volumes or improved cost control measures. It's important for the company to sustain this positive momentum to enhance overall profitability in the future.
Peer comparison
Feb 29, 2024