Worthington Industries Inc (WOR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 198,626 | 198,345 | 197,263 | 186,272 | 129,095 | 162,706 | 260,185 | 329,268 | 374,331 | 386,492 | 333,391 | 167,473 | 63,360 | 12,202 | 6,956 | 22,489 | 48,156 | 75,519 | 79,265 | 144,764 |
| 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 |
| Operating profit margin | 5.19% | 5.14% | 5.00% | 4.48% | 2.90% | 2.97% | 4.70% | 6.28% | 7.96% | 9.47% | 9.31% | 5.28% | 2.26% | 0.43% | 0.24% | 0.74% | 1.42% | 2.16% | 2.19% | 3.85% |
February 29, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $198,626K ÷ $3,825,795K
= 5.19%
The operating profit margin of Worthington Industries Inc has shown some fluctuations over the recent quarters. In the most recent quarter, ending on Feb 29, 2024, the operating profit margin was 5.19%, marking a slight increase compared to the previous quarter's 5.14%.
Looking back further, we can see that the operating profit margin has varied between 2.16% and 9.47% over the past few years. There was a noticeable decline in the operating profit margins during the quarters ending on May 31, 2021, and Nov 30, 2022, where margins were at their lowest levels of 0.24% and 2.26%, respectively.
On the contrary, the operating profit margin peaked at 9.47% in the quarter ending on Nov 30, 2021, showing a strong performance in terms of profitability. However, there was a subsequent decrease in margin in the following quarters.
Overall, while the operating profit margin of Worthington Industries Inc has shown some volatility, it is important to consider the various factors influencing these fluctuations, such as changes in operational efficiency, pricing dynamics, cost structures, and broader market conditions.
Peer comparison
Feb 29, 2024