Worthington Industries Inc (WOR)
Operating return on assets (Operating ROA)
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -13,674 | 113,597 | 113,316 | 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 | 79,265 |
| Total assets | US$ in thousands | 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 | 2,382,630 |
| Operating ROA | -0.83% | 6.66% | 3.16% | 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% | 3.33% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-13,674K ÷ $1,645,270K
= -0.83%
Worthington Industries Inc's operating return on assets (operating ROA) fluctuated over the past years, ranging from -0.83% to 10.99%. The trend shows some variability without a consistent directional pattern. The company experienced its highest operating ROA of 10.99% in Nov 2021 and its lowest at -0.83% in Aug 2024.
Overall, Worthington Industries Inc's operating ROA has shown some level of stability, with the majority of values falling within the range of 2% to 10%. This metric is important as it indicates how efficiently the company is utilizing its assets to generate operating profits. However, the negative figure in Aug 2024 indicates a potential cause for concern as it suggests that the company's operating earnings were insufficient to cover the value of its assets during that period.
Further analysis is needed to understand the factors contributing to this fluctuation in operating ROA and to assess Worthington Industries Inc's overall financial health and performance.
Peer comparison
Aug 31, 2024