Worthington Industries Inc (WOR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 912,096 | 1,792,810 | 1,774,620 | 1,696,010 | 1,585,430 | 1,513,390 | 1,512,600 | 1,480,750 | 1,451,370 | 1,479,800 | 1,453,340 | 1,398,190 | 1,311,790 | 1,276,900 | 1,382,780 | 820,821 | 821,495 | 835,891 | 787,973 | 831,246 |
| ROE | 29.86% | 16.55% | 16.26% | 15.13% | 13.05% | 14.33% | 20.56% | 25.62% | 28.43% | 28.65% | 16.49% | 51.77% | 47.75% | 44.96% | 50.64% | 9.60% | 12.22% | 13.38% | 11.90% | 18.46% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $272,311K ÷ $912,096K
= 29.86%
The return on equity (ROE) for Worthington Industries Inc has shown fluctuation over the recent quarters. The trend indicates that the company's performance in utilizing shareholder equity to generate profits has varied.
The ROE ranged from 9.60% to 51.77% over the past two years. The highest ROE of 51.77% was achieved in the second quarter of the fiscal year 2021. This exceptional performance suggests that the company generated significant profits relative to the equity invested by shareholders during that period.
However, there were also periods when the ROE was below 20%, such as in the first and fourth quarters of the fiscal year 2020. Lower ROE figures indicate that the company may not have efficiently utilized shareholder funds to generate profits during those periods.
In general, an upward trend in ROE indicates improving profitability relative to shareholder equity, while a downward trend may suggest challenges in generating returns for shareholders. It is important for investors and stakeholders to monitor these fluctuations in ROE to assess the company's financial performance and efficiency in generating profits.
Peer comparison
Feb 29, 2024