Worthington Industries Inc (WOR)
Operating profit margin
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -11,264 | -22,109 | 105,162 | 104,881 | 112,234 | 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 |
| Revenue (ttm) | US$ in thousands | 1,146,338 | 1,184,210 | 2,155,762 | 2,185,322 | 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 |
| Operating profit margin | -0.98% | -1.87% | 4.88% | 4.80% | 3.66% | 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% |
November 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-11,264K ÷ $1,146,338K
= -0.98%
Operating profit margin is a key financial metric that measures a company's efficiency in generating operating profits from its revenue. Worthington Industries Inc's operating profit margin has shown fluctuations over the periods provided in the data. Starting at a modest 2.16% in November 2019, the margin declined to 0.24% by August 2020, reflecting lower profitability relative to revenue.
However, from May 2021 to November 2021, there was a significant improvement in the operating profit margin, increasing from 5.28% to 9.47%. This upward trend continued into February 2022, reaching 7.96%. This positive momentum peaked in August 2021 at 9.31%, indicating an efficient cost management and better profit generation during this period.
Subsequently, the operating profit margin experienced some decline, dropping to 4.70% by August 2022. Despite this decrease, the margin remained relatively healthy compared to previous years. The company then faced a more significant impact as the operating profit margin turned negative in August 2024, registering at -1.87%. The negative trend persisted into November 2024, with the margin at -0.98%.
Overall, Worthington Industries Inc's operating profit margin has exhibited variability, with both peaks and troughs in profitability levels. The negative margins in the latter periods highlight challenges the company may have encountered, underscoring the importance of closely monitoring and managing operational costs to sustain profitability.
Peer comparison
Nov 30, 2024