Worthington Industries Inc (WOR)
Return on assets (ROA)
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 96,053 | 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 |
| Total assets | US$ in thousands | 1,695,150 | 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 |
| ROA | 5.67% | 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% |
May 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $96,053K ÷ $1,695,150K
= 5.67%
The return on assets (ROA) for Worthington Industries Inc. has exhibited notable fluctuations over the specified periods. Initially, the ROA was relatively high at 22.36% as of August 31, 2020, indicating robust asset efficiency and profitability during that timeframe. Subsequently, there was a decline to 18.96% by November 30, 2020, followed by a slight recovery to 19.96% by February 28, 2021, and an increase to 21.46% on May 31, 2021.
A significant decline is observed at the next reporting date of August 31, 2021, where ROA sharply decreased to 6.75%, indicating a substantial reduction in profitability relative to assets. The subsequent periods saw gradual recovery: 12.05% by November 30, 2021, 11.04% by February 28, 2022, and 10.41% by May 31, 2022. There was a continued downward trend through August 2022 and November 2022, with the ROA diminishing to 8.86% and then to 6.40%, respectively. By February 2023, the ROA further decreased to 5.91%, and it remained relatively low in May 2023 at 7.03%, peaking marginally again at 8.30% on August 31, 2023.
In an unusual anomaly, the data indicates a substantial spike to 15.97% on February 29, 2024, suggesting a temporary increase in profitability or asset efficiency during that period. However, this is followed by a decline to 6.59% in May 2024, then an even sharper decrease to 2.36% on August 31, 2024, and a slight upward movement to 2.58% on November 30, 2024. The subsequent periods reflect continued low ROA figures at 3.59% in February 2025 and a moderate increase to 5.67% by May 2025.
Overall, the pattern of ROA indicates periods of high profitability interspersed with declines, with a recent temporary spike that deviates from the generally lower levels observed since mid-2021. The overall trend suggests that the company's asset efficiency and profitability have experienced significant fluctuations over this timeframe, with a tendency towards lower sustained ROA levels in recent periods.
Peer comparison
May 31, 2025