Worthington Industries Inc (WOR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 60,390 | 42,727 | 38,769 | 110,622 | 272,311 | 296,636 | 288,552 | 256,528 | 206,877 | 216,894 | 310,977 | 379,386 | 412,689 | 423,956 | 239,611 | 723,795 | 626,415 | 574,117 | 700,247 | 78,796 |
| 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 |
| ROA | 3.59% | 2.58% | 2.36% | 6.59% | 15.97% | 8.28% | 8.30% | 7.03% | 5.91% | 6.40% | 8.86% | 10.41% | 11.04% | 12.05% | 6.75% | 21.46% | 19.96% | 18.96% | 22.36% | 3.38% |
February 28, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $60,390K ÷ $1,682,000K
= 3.59%
The Return on Assets (ROA) of Worthington Industries Inc has shown some fluctuations over the reported periods. The ROA was at 3.38% as of May 31, 2020, reflecting the company's ability to generate a return of 3.38 cents for every dollar of assets it holds. The ROA saw a significant increase to 22.36% by August 31, 2020, indicating a notable improvement in asset utilization efficiency.
Subsequently, the ROA remained relatively high, hovering around the range of 18-21% until May 31, 2021, showcasing sustained strong performance in generating profits from its assets. However, there was a decline in ROA to 6.75% by August 31, 2021, possibly signaling a decrease in asset efficiency or profitability.
The ROA then fluctuated around the range of 6-12% from August 2021 to August 2023, indicating some variability in the company's ability to generate returns from its assets during this period. The ROA notably increased to 15.97% by February 29, 2024, suggesting an improvement in asset efficiency. Subsequently, there were decreases in ROA to 2.36% by August 31, 2024, and 2.58% by November 30, 2024, which may indicate challenges in maintaining profitability relative to its asset base.
By February 28, 2025, the ROA improved to 3.59%, potentially reflecting efforts to enhance asset utilization or generate higher returns. Overall, the analysis of Worthington Industries Inc's ROA indicates periods of strong performance in utilizing its assets effectively to generate profits, punctuated by fluctuations possibly influenced by operational or market factors.
Peer comparison
Feb 28, 2025