Worthington Industries Inc (WOR)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 377,087 | 400,981 | 395,273 | 359,485 | 297,936 | 316,686 | 437,564 | 525,745 | 561,017 | 557,504 | 322,724 | 930,408 | 811,224 | 759,073 | 920,278 | 136,754 | 163,695 | 180,723 | 160,052 | 234,701 |
| Long-term debt | US$ in thousands | 297,695 | 298,549 | 298,083 | 689,718 | 689,339 | 693,453 | 690,011 | 696,345 | 700,739 | 701,892 | 706,130 | 710,031 | 708,511 | 707,340 | 707,331 | 699,516 | 698,552 | 698,531 | 698,612 | 598,356 |
| 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 |
| Return on total capital | 31.17% | 19.17% | 19.07% | 15.07% | 13.10% | 14.35% | 19.87% | 24.15% | 26.07% | 25.55% | 14.94% | 44.13% | 40.15% | 38.26% | 44.03% | 8.99% | 10.77% | 11.78% | 10.77% | 16.42% |
February 29, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $377,087K ÷ ($297,695K + $912,096K)
= 31.17%
The return on total capital of Worthington Industries Inc has shown fluctuations over the recent periods. In the most recent period ending on February 29, 2024, the return on total capital was 31.17%, marking a significant increase from the previous quarter at 19.17%. This indicates that the company has efficiently generated income relative to the total capital employed in its operations.
Looking back at the trend over the past few quarters, there has been a general upward trajectory in the return on total capital since the second quarter of 2021, with occasional fluctuations in between. Notably, there was a sharp increase in the return on total capital in the third quarter of 2021 at 44.13%, followed by relatively high returns in subsequent quarters.
Overall, the return on total capital for Worthington Industries Inc has demonstrated a positive trend, showing the company's ability to generate significant returns relative to the total capital invested in its operations. This indicates effective capital utilization and efficient management of assets to drive profitability.
Peer comparison
Feb 29, 2024