Worthington Industries Inc (WOR)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 233,680 | 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 |
| Long-term debt | US$ in thousands | 300,009 | 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 |
| 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 |
| Return on total capital | 19.45% | 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% |
August 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $233,680K ÷ ($300,009K + $901,353K)
= 19.45%
The return on total capital for Worthington Industries Inc varies over the time period provided in the table. It demonstrates a fluctuating trend, ranging from a low of 8.99% to a high of 44.13%. The highest return of 44.13% was achieved in May 2021, indicating strong profitability and efficient capital utilization during that period.
Overall, the return on total capital appears to have shown strong performance in recent years, with some fluctuations in between. It is important to continue monitoring this ratio to assess the company's ability to generate profits from its total capital employed and maintain a sustainable level of return for its investors.
Peer comparison
Aug 31, 2024