Worthington Industries Inc (WOR)
Operating profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -73,459 | 394,200 | 531,603 | 1,017,900 | 239,174 |
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Operating profit margin | -5.90% | 8.02% | 10.14% | 32.10% | 7.82% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-73,459K ÷ $1,245,700K
= -5.90%
Based on the data provided, Worthington Industries Inc's operating profit margin has fluctuated over the past few years.
In May 2020, the operating profit margin was reported at 7.82%. Over the next year, there was a significant improvement as the margin increased to 32.10% by May 2021. However, in the following year, the margin dropped to 10.14% before falling further to 8.02% in May 2023.
The most recent data point shows a substantial decrease in the operating profit margin, dropping to -5.90% by May 2024. This negative figure indicates that Worthington Industries Inc's operating expenses exceeded its operating income during that period.
Overall, the trend in the operating profit margin for Worthington Industries Inc has been volatile, with notable fluctuations in performance over the years. It is essential for the company to closely monitor and manage its operating costs and revenue generation to improve profitability and financial health.
Peer comparison
May 31, 2024