Worthington Industries Inc (WOR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,657,020 | 1,645,270 | 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 |
| Operating ROA | -0.68% | -1.34% | 6.17% | 2.93% | 3.23% | 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% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-11,264K ÷ $1,657,020K
= -0.68%
Operating ROA is a measure of a company's profitability that evaluates how effectively it generates profits from its assets used in operations.
Analyzing Worthington Industries Inc's Operating ROA over the provided time period reveals fluctuations in the company's operational efficiency. From November 2019 to November 2021, the Operating ROA steadily increased from 3.13% to 10.99%, indicating improving profitability relative to assets employed.
However, the Operating ROA saw a decline from the peak in November 2021, with noticeable fluctuations in subsequent periods. The ratios range from a high of 10.01% in February 2022 to a low of -1.34% in August 2024. These variations suggest potential challenges in effectively utilizing assets to generate profits or changes in the company's operational performance.
Overall, Worthington Industries Inc's Operating ROA demonstrates both positive trends and periods of decline, highlighting the importance of monitoring operational efficiency and asset utilization for sustained financial performance.
Peer comparison
Nov 30, 2024