Worthington Steel Inc (WS)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,093,300 | 3,430,600 | 3,611,590 | 3,611,590 | 4,068,930 |
| Property, plant and equipment | US$ in thousands | — | — | 489,659 | 489,659 | 511,059 |
| Fixed asset turnover | — | — | 7.38 | 7.38 | 7.96 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,093,300K ÷ $—K
= —
The fixed asset turnover ratio for Worthington Steel Inc. exhibits a pattern of relative stability over the analyzed periods. As of August 31, 2022, the ratio was 7.96, indicating that for every dollar invested in fixed assets, the company generated approximately $7.96 in sales. By May 31, 2023, the ratio decreased to 7.38, reflecting a slight decline in the efficiency with which fixed assets are utilized to generate sales. This lower ratio persisted through August 31, 2023, remaining unchanged at 7.38, suggesting that the company's efficiency in asset utilization remained steady during this interval.
The data for May 31, 2024, and May 31, 2025, are unavailable, precluding an analysis of longer-term trends beyond August 2023. Overall, the observed decline from 7.96 to 7.38 indicates a modest reduction in asset utilization efficiency, which may warrant further investigation into operational or structural factors affecting the utilization of fixed assets.
Peer comparison
May 31, 2025