Worthington Steel Inc (WS)

Total asset turnover

May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023
Revenue (ttm) US$ in thousands 3,093,300 3,171,400 3,289,800 3,358,800 3,431,528 3,408,415 3,383,315 3,443,715 3,611,627 3,798,380
Total assets US$ in thousands 1,961,800 1,799,700 1,739,300 1,829,400 1,866,400 1,849,000 1,897,400 1,857,750 1,764,360 1,764,360
Total asset turnover 1.58 1.76 1.89 1.84 1.84 1.84 1.78 1.85 2.05 2.15

May 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,093,300K ÷ $1,961,800K
= 1.58

The total asset turnover ratio for Worthington Steel Inc exhibits a declining trend over the observed periods, indicating a gradual reduction in the efficiency with which the company utilizes its assets to generate sales. Specifically, the ratio declined from 2.15 on February 28, 2023, to a low of 1.58 projected for May 31, 2025. Notable points in the trend include a steady decrease from 2.15 to 1.85 between February and August 2023, followed by a continued downward trajectory through November 2024. A slight recovery is observed in the ratios recorded on February 28, 2025, and May 31, 2025, with values of 1.76 and 1.58 respectively, indicating some stabilization at a lower level compared to earlier periods. Overall, the data suggests that despite fluctuations, the company's asset utilization efficiency has diminished over time, which could imply challenges such as overcapacity, reduced sales efficiency, or shifts in the business environment affecting sales generation relative to asset base.


Peer comparison

May 31, 2025