Worthington Industries Inc (WOR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,704,690 | 3,584,140 | 3,476,690 | 3,650,920 | 3,497,670 | 3,390,660 | 3,510,140 | 3,643,020 | 3,738,160 | 3,517,630 | 3,547,760 | 3,373,240 | 3,137,870 | 3,027,380 | 3,131,050 | 2,331,520 | 2,429,080 | 2,408,960 | 2,382,630 | 2,510,800 |
| Operating ROA | 11.65% | 5.53% | 5.67% | 5.10% | 3.69% | 4.80% | 7.41% | 9.04% | 10.01% | 10.99% | 9.40% | 4.96% | 2.02% | 0.40% | 0.22% | 0.96% | 1.98% | 3.13% | 3.33% | 5.77% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $198,626K ÷ $1,704,690K
= 11.65%
Operating return on assets (ROA) measures a company's ability to generate profits from its operating activities relative to its total assets. Looking at Worthington Industries Inc's operating ROA over the past 20 quarters, we can see fluctuations in the performance of the company.
The operating ROA varied between 0.22% to 11.65% during the period. The highest operating ROA was observed in February 2024 at 11.65%, indicating that Worthington Industries Inc was able to generate a profit of 11.65 cents for every dollar of assets used in its operations. This suggests efficient asset utilization and strong operating performance.
Conversely, the lowest operating ROA of 0.22% was recorded in August 2020, reflecting a less efficient use of assets to generate profits. The company's operating ROA gradually improved from August 2020 to February 2024, indicating a positive trend in asset utilization and operating performance.
Overall, fluctuations in Worthington Industries Inc's operating ROA suggest varying levels of efficiency in generating operating profits from its total assets. It is essential for the company to consistently monitor and improve its operational efficiency to maintain or enhance its profitability in the long run.
Peer comparison
Feb 29, 2024