Worthington Steel Inc (WS)
Gross profit margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | ||
|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 440,754 | 372,954 | 295,854 | 324,259 |
| Revenue (ttm) | US$ in thousands | 3,431,528 | 3,301,228 | 3,363,828 | 3,630,468 |
| Gross profit margin | 12.84% | 11.30% | 8.80% | 8.93% |
May 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $440,754K ÷ $3,431,528K
= 12.84%
Worthington Steel Inc's gross profit margin has shown a positive trend over the past four quarters. The margin has been steadily increasing from 8.80% in November 2023 to 12.84% in May 2024. This indicates an improvement in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. The rising trend in the gross profit margin suggests that Worthington Steel has been more efficient in managing its production costs and pricing strategies during this period. Overall, the company's increasing gross profit margin is a positive sign of its financial health and operational efficiency.
Peer comparison
May 31, 2024