Worthington Industries Inc (WOR)
Gross profit margin
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 328,951 | 510,824 | 516,683 | 498,732 | 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 |
| Revenue (ttm) | US$ in thousands | 1,972,901 | 2,944,453 | 2,974,013 | 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 | 3,627,308 |
| Gross profit margin | 16.67% | 17.35% | 17.37% | 16.28% | 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% |
August 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $328,951K ÷ $1,972,901K
= 16.67%
The gross profit margin of Worthington Industries Inc has shown fluctuations over the past few periods. From November 2019 to November 2020, the gross profit margin ranged between 12.52% and 19.46%, with a peak of 20.82% in August 2021. However, in recent periods, the gross profit margin has been relatively lower, with the lowest point at 10.69% in November 2022.
Overall, the gross profit margin for Worthington Industries Inc has varied, indicating changes in the company's cost structure, pricing strategies, or efficiency in managing production costs. It is essential for the company to closely monitor and analyze the factors contributing to these fluctuations to maintain a healthy and sustainable level of gross profit margin.
Peer comparison
Aug 31, 2024