Worthington Steel Inc (WS)
Gross profit margin
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 439,800 | 340,405 | 395,460 | 370,840 |
| Revenue | US$ in thousands | 3,430,600 | 3,611,590 | 4,068,930 | 2,127,400 |
| Gross profit margin | 12.82% | 9.43% | 9.72% | 17.43% |
May 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $439,800K ÷ $3,430,600K
= 12.82%
The gross profit margin of Worthington Steel Inc has varied over the past four years. In May 31, 2024, the gross profit margin was 12.82%, marking an increase compared to the previous year where it stood at 9.43% in August 31, 2023. However, this current figure is still lower than the 17.43% recorded in August 31, 2021. Looking back further, the gross profit margin was at 9.72% in August 31, 2022. This fluctuation in the gross profit margin indicates potential shifts in the company's cost of goods sold and revenue generation, which could be influenced by factors such as pricing strategies, production costs, or sales volume.
Peer comparison
May 31, 2024