Worthington Industries Inc (WOR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 787,973 |
| ROE | 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% | 11.90% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $166,661K ÷ $901,353K
= 18.49%
The return on equity (ROE) of Worthington Industries Inc has shown fluctuations over the past couple of years. The ROE for the latest period, August 31, 2024, stands at 18.49%, which indicates the company generated a return of 18.49% on its shareholders' equity during that period.
The trend of ROE over the last few quarters has shown some variability, with ROE ranging from as low as 9.60% (May 31, 2020) to as high as 51.77% (February 28, 2021). A higher ROE generally indicates that the company is efficiently generating profits from its equity.
It's important to note that there was a significant increase in ROE in some quarters, such as the sharp rise to 51.77% in February 28, 2021, which suggests the company had a particularly profitable period during that time.
Overall, while the latest ROE of 18.49% is a positive indication of the company's ability to generate profits from shareholders' equity, investors should keep an eye on the trend over time to evaluate the company's financial performance and management efficiency.
Peer comparison
Aug 31, 2024