Worthington Steel Inc (WS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 147,000 | 146,000 | 197,000 | 169,300 | 198,999 | 230,584 | 191,684 | 192,784 | 160,945 | 105,220 |
| 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 |
| Operating ROA | 7.49% | 8.11% | 11.33% | 9.25% | 10.66% | 12.47% | 10.10% | 10.38% | 9.12% | 5.96% |
May 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $147,000K ÷ $1,961,800K
= 7.49%
The operating return on assets (ROA) for Worthington Steel Inc. demonstrates a trend characterized by initial growth, subsequent fluctuations, and periods of decline over the analyzed timeframe. As of February 28, 2023, the company's operating ROA was measured at approximately 5.96%, indicating a modest level of operating efficiency relative to its asset base. This figure increased significantly by May 31, 2023, reaching 9.12%, and continued upward to a peak of 10.38% on August 31, 2023, suggesting improvements in operational performance and asset utilization during this period.
However, subsequent data points reveal some variability. The operating ROA slightly declined to 10.10% on November 30, 2023, which may indicate peak performance stabilizing. An upward movement resumed, with the figure rising to 12.47% on February 29, 2024, marking the highest recorded level within the period analyzed, potentially reflecting optimal operational efficiency or strategic enhancements at that time. This peak was followed by a decrease to 10.66% on May 31, 2024, and further down to 9.25% by August 31, 2024, indicating a temporary downturn in operating performance or changes in asset utilization.
Subsequently, the ROA rebounded, reaching 11.33% on November 30, 2024, before declining again to 8.11% by February 28, 2025. The latest data point indicates a further reduction to 7.49% as of May 31, 2025. This recent downward trend suggests a decline in operational efficiency relative to asset base, which could be attributable to various factors such as increased operational costs, asset impairments, or changes in market conditions affecting profitability.
Overall, the company's operating ROA has experienced periods of growth and decline over the analyzed timeframe, with notable peaks in early 2024 and fluctuations thereafter. The data reflects dynamic operational performance, with potential implications for strategic planning and operational efficiency management moving forward.
Peer comparison
May 31, 2025