Worthington Industries Inc (WOR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,638,640 | 3,650,920 | 3,643,020 | 3,373,240 | 2,331,520 |
| Operating ROA | -4.48% | 10.80% | 14.59% | 30.18% | 10.26% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-73,459K ÷ $1,638,640K
= -4.48%
Based on the data provided, Worthington Industries Inc's operating return on assets (Operating ROA) has varied over the past five years.
As of May 31, 2020, the operating ROA was 10.26%, indicating that the company generated a return of 10.26 cents for every dollar of assets it operated with.
By May 31, 2021, the operating ROA significantly improved to 30.18%, showcasing a substantial increase in profitability and efficiency in asset utilization.
In the following year, as of May 31, 2022, the operating ROA decreased to 14.59%, indicating a decline in the return generated from its assets compared to the previous year.
However, by May 31, 2023, the operating ROA slightly rebounded to 10.80%, showing a partial recovery relative to the decline in the previous year.
As of May 31, 2024, the operating ROA turned negative, standing at -4.48%. This negative figure implies that Worthington Industries Inc experienced losses from its operating activities relative to its asset base during this period.
Overall, the trend in Worthington Industries Inc's operating ROA suggests some fluctuations in performance efficiency and indicates the necessity for the company to closely monitor and manage its operations to enhance profitability and asset utilization in the future.
Peer comparison
May 31, 2024