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