Worthington Steel Inc (WS)
Pretax margin
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 216,200 | 125,130 | 254,209 | 237,152 |
| Revenue | US$ in thousands | 3,430,600 | 3,611,590 | 4,068,930 | 2,127,400 |
| Pretax margin | 6.30% | 3.46% | 6.25% | 11.15% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $216,200K ÷ $3,430,600K
= 6.30%
The pretax margin of Worthington Steel Inc has varied over the past four years. In May 31, 2024, the pretax margin was 6.30%, showing an improvement from the previous year's figure of 3.46% in Aug 31, 2023. However, when compared to Aug 31, 2022, where the pretax margin was 6.25%, there has been a slight increase. The biggest drop occurred in Aug 31, 2021, when the pretax margin was at its highest at 11.15%.
This indicates that Worthington Steel Inc's profitability before taxes has fluctuated, with a significant decline from Aug 31, 2021 to Aug 31, 2022, followed by a recovery in the recent period. Further analysis is required to understand the factors contributing to these fluctuations and to assess the company's overall financial performance in context with industry benchmarks and economic conditions.
Peer comparison
May 31, 2024