Worthington Industries Inc (WOR)
Operating return on assets (Operating ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 24,580 | 10,051 | 598 | 83,002 | 267,545 | 337,209 | 379,353 | 394,200 | 321,540 | 333,579 | 387,832 | 431,077 | 424,762 | 386,492 | 333,391 | 167,473 | 63,360 | 12,202 | 6,956 | 22,489 |
| Total assets | US$ in thousands | 1,682,000 | 1,657,020 | 1,645,270 | 1,679,480 | 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 |
| Operating ROA | 1.46% | 0.61% | 0.04% | 4.94% | 15.69% | 9.41% | 10.91% | 10.80% | 9.19% | 9.84% | 11.05% | 11.83% | 11.36% | 10.99% | 9.40% | 4.96% | 2.02% | 0.40% | 0.22% | 0.96% |
February 28, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $24,580K ÷ $1,682,000K
= 1.46%
Operating return on assets (Operating ROA) is a financial metric that indicates how efficiently a company generates profits from its assets used in its core operations. In the case of Worthington Industries Inc, the trend in the operating ROA from May 31, 2020, to February 28, 2025, shows fluctuations over time.
The operating ROA started at a relatively low level of 0.96% on May 31, 2020, but experienced fluctuations in the subsequent periods. There was a decline to 0.22% on August 31, 2020, followed by a slight improvement to 0.40% on November 30, 2020. The metric then exhibited a significant increase to 2.02% on February 28, 2021, and continued to rise notably in the following periods.
The operating ROA reached its peak at 15.69% on February 29, 2024, indicating improved efficiency in generating profits from assets during that period. However, there was a sharp decline in the operating ROA to 0.04% on August 31, 2024, but it improved to 1.46% by February 28, 2025.
Despite some fluctuations, Worthington Industries Inc generally demonstrated an increasing trend in operating ROA over the analyzed period, indicating an improvement in the company's operational efficiency and asset utilization to generate profits. It is important for the company to sustain or further improve its operating ROA to create value for its shareholders and ensure long-term financial sustainability.
Peer comparison
Feb 28, 2025