Worthington Industries Inc (WOR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 911,321 | 901,353 | 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 |
| ROE | 10.84% | 18.49% | 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% |
November 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $98,815K ÷ $911,321K
= 10.84%
Worthington Industries Inc's return on equity (ROE) has exhibited fluctuations over the past few years.
Starting at 13.38% in November 2019, the ROE decreased to 9.60% by May 2020, indicating a decline in the company's ability to generate profits from its shareholders' equity.
However, there was a significant improvement in the ROE by August 2020, reaching 50.64%, which suggests a boost in profitability and efficiency in utilizing shareholder funds. This trend continued to strengthen, with the ROE peaking at 51.77% in May 2021.
Subsequently, there was a gradual decrease in ROE, dropping to 10.84% by November 2024. This decline indicates potential challenges in maintaining the same level of profitability and efficiency in utilizing equity investments.
Overall, the ROE trend for Worthington Industries Inc shows periods of both growth and decline, highlighting the company's varying performance in generating profits relative to its shareholders' equity.
Peer comparison
Nov 30, 2024