Worthington Industries Inc (WOR)
Return on assets (ROA)
| 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 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 93,737 | 153,455 |
| Total assets | US$ in thousands | 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 | 2,510,800 |
| ROA | 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% | 3.93% | 6.11% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $272,311K ÷ $1,704,690K
= 15.97%
The return on assets (ROA) for Worthington Industries Inc has exhibited fluctuations over the reporting periods provided. ROA indicates the company's efficiency in generating profits from its total assets.
From Nov 30, 2019, to Feb 29, 2020, the ROA was relatively low at 3.38%, indicating potential inefficiencies in asset utilization. However, there was an improvement in the ROA for the subsequent periods, with a notable increase to 22.36% on Aug 31, 2020, suggesting enhanced profitability relative to the company's asset base.
The ROA decreased in subsequent periods but remained above 10% until Nov 30, 2021, showcasing sustained profitability compared to asset investment. Notably, on Aug 31, 2021, the ROA reached its peak at 21.46%, reflecting strong performance in generating earnings from assets.
In contrast, there was a decline in ROA in the subsequent reporting periods, with a low of 3.93% on May 31, 2019. This decrease may indicate a potential decrease in profitability relative to asset utilization during that period.
Overall, the fluctuating pattern of Worthington Industries Inc's ROA indicates varying levels of efficiency in generating profits from its assets over the analyzed periods, with periods of both strong and weaker performance.
Peer comparison
Feb 29, 2024