Worthington Industries Inc (WOR)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 227,889 | 367,271 | 385,180 | 374,029 | 332,726 | 267,524 | 284,169 | 405,347 | 494,408 | 530,197 | 527,266 | 292,250 | 900,062 | 781,069 | 729,114 | 890,552 | 105,138 | 130,016 | 145,065 | 122,237 |
| Revenue (ttm) | US$ in thousands | 1,972,901 | 2,944,453 | 2,974,013 | 3,062,633 | 4,159,375 | 4,450,815 | 5,482,740 | 5,540,060 | 5,242,220 | 4,700,239 | 4,081,108 | 3,579,340 | 3,171,429 | 2,804,737 | 2,809,624 | 2,906,169 | 3,059,119 | 3,386,334 | 3,496,719 | 3,627,308 |
| Pretax margin | 11.55% | 12.47% | 12.95% | 12.21% | 8.00% | 6.01% | 5.18% | 7.32% | 9.43% | 11.28% | 12.92% | 8.16% | 28.38% | 27.85% | 25.95% | 30.64% | 3.44% | 3.84% | 4.15% | 3.37% |
August 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $227,889K ÷ $1,972,901K
= 11.55%
Pretax margin is a crucial financial ratio that reflects the company's ability to generate profits before accounting for taxes on each dollar of revenue. Analyzing the pretax margin of Worthington Industries Inc based on the historical data provided reveals fluctuations in the company's profitability over time.
The pretax margin for Worthington Industries Inc has displayed a mixed performance trend over the period covered. The company's pretax margin ranged from a low of 3.37% in Nov 2019 to a high of 30.64% in May 2020. Noteworthy is the significant increase in pretax margin from Nov 2021 to May 2022, where it surged from 12.92% to 25.95%. This could indicate improved efficiency and cost management during that period.
It is essential to note that there were some periods of volatility in the pretax margin, such as in May 2021, where the pretax margin spiked to 28.38% before declining to 3.44% in Aug 2020. Such fluctuations may be attributed to various factors, including changes in operating expenses, revenue fluctuations, and one-time events impacting profitability.
Overall, the pretax margin of Worthington Industries Inc has shown variability over time, suggesting fluctuations in the company's operational efficiency and profitability. Further analysis would be necessary to understand the specific drivers behind these fluctuations and assess the company's future financial performance.
Peer comparison
Aug 31, 2024