Worthington Industries Inc (WOR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 98,815 | 166,661 | 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 | 100,359 | 111,821 |
| 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 |
| ROA | 5.96% | 10.13% | 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% | 4.13% | 4.64% |
November 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $98,815K ÷ $1,657,020K
= 5.96%
The Return on Assets (ROA) of Worthington Industries Inc has shown fluctuations over the past few years. The ROA was relatively stable around 4-5% from November 2019 to May 2021, indicating that the company was generating decent returns relative to its asset base during that period.
However, there was a significant spike in ROA in August 2020, peaking at 22.36%, which could suggest a temporary surge in profitability or a more efficient utilization of assets during that quarter. This was followed by consistently high ROA figures ranging from 18.96% to 21.46% until August 2021.
Subsequently, there was a notable drop in ROA in the following quarters, with values declining to around 6-12% between August 2021 and November 2023. This decrease might indicate a decrease in profitability relative to the total assets employed by the company during this period.
In February 2024, there was a sudden increase in ROA to 15.97%, which could signify an improvement in the company's efficiency in generating profits from its assets. However, this was followed by a decline to 10.13% in August 2024 and a further drop to 5.96% in November 2024, indicating a potential decrease in profitability and efficiency during those periods.
Overall, the ROA of Worthington Industries Inc has shown variability, with periods of both strong and weak performance in terms of generating returns from its assets. Further analysis would be necessary to understand the factors driving these fluctuations and to assess the company's overall financial health.
Peer comparison
Nov 30, 2024