Worthington Steel Inc (WS)
Net profit margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 155,072 | 107,272 | 42,472 | 78,588 |
| Revenue (ttm) | US$ in thousands | 3,431,528 | 3,301,228 | 3,363,828 | 3,630,468 |
| Net profit margin | 4.52% | 3.25% | 1.26% | 2.16% |
May 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $155,072K ÷ $3,431,528K
= 4.52%
The net profit margin of Worthington Steel Inc has fluctuated over the past four quarters, ranging from 1.26% to 4.52%. The highest net profit margin was observed in the most recent quarter ending May 31, 2024, at 4.52%, indicating that for every dollar of revenue generated, the company retained 4.52 cents as profit. This signifies a strong performance in generating profits relative to revenues in that period.
However, the net profit margin was lower in the preceding quarters, with Feb 29, 2024 at 3.25%, Nov 30, 2023 at 1.26%, and Aug 31, 2023 at 2.16%. The significant variability in the net profit margin suggests fluctuations in expenses, revenues, or both, impacting the company's overall profitability. It would be crucial for Worthington Steel Inc to assess the factors contributing to these fluctuations and work towards maintaining a consistent and healthy net profit margin in the future.
Peer comparison
May 31, 2024