Worthington Industries Inc (WOR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 93,737 |
| Total assets | US$ in thousands | 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 | 2,382,630 |
| ROA | 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% | 3.93% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $166,661K ÷ $1,645,270K
= 10.13%
The return on assets (ROA) of Worthington Industries Inc has fluctuated over the past few quarters. The ROA was relatively high at 15.97% in February 2024, indicating that the company was able to generate a strong return on its assets during that period. However, the ROA declined to 8.28% in November 2023 before increasing slightly to 8.30% in August 2023.
The ROA further decreased to 7.03% in May 2023 and 5.91% in February 2023, suggesting potential challenges in asset utilization and profitability during those quarters. Subsequently, there was an improvement to 6.40% in November 2022 and a notable increase to 8.86% in August 2022, indicating a positive trend in asset efficiency.
The ROA continued to improve in the following quarters, reaching 10.41% in May 2022 and 11.04% in February 2022. The company's ROA peaked at 22.36% in August 2020, reflecting strong asset performance during that period. However, there were also quarters with lower ROA figures, such as 3.38% in May 2020, suggesting variability in the company's asset productivity over time.
Overall, Worthington Industries Inc has demonstrated varying levels of return on assets in recent quarters, with some periods reflecting robust asset utilization and profitability, while others indicating challenges in effectively generating returns from its assets.
Peer comparison
Aug 31, 2024