Worthington Steel Inc (WS)
Operating profit margin
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 194,500 | 127,485 | 226,576 | 221,522 |
| Revenue | US$ in thousands | 3,430,600 | 3,611,590 | 4,068,930 | 2,127,400 |
| Operating profit margin | 5.67% | 3.53% | 5.57% | 10.41% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $194,500K ÷ $3,430,600K
= 5.67%
Based on the historical data provided, Worthington Steel Inc's operating profit margin has fluctuated over the past four years. In August 2021, the company achieved a relatively high operating profit margin of 10.41%, indicating strong operational efficiency and profitability. However, this figure declined in subsequent years, reaching 5.57% in August 2022.
There was a further decrease in the operating profit margin to 3.53% in August 2023, suggesting potential challenges or inefficiencies impacting the company's profitability. However, in the most recent period ending May 31, 2024, there was a slight improvement in the operating profit margin to 5.67%.
Overall, Worthington Steel Inc's operating profit margin has shown variability, with a notable decline during the period from August 2021 to August 2023. It is essential for the company to focus on enhancing operational effectiveness and cost management to sustain or improve its profitability levels in the future.
Peer comparison
May 31, 2024