Worthington Steel Inc (WS)
Pretax margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 204,932 | 144,232 | 63,232 | 113,267 |
| Revenue (ttm) | US$ in thousands | 3,431,528 | 3,301,228 | 3,363,828 | 3,630,468 |
| Pretax margin | 5.97% | 4.37% | 1.88% | 3.12% |
May 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $204,932K ÷ $3,431,528K
= 5.97%
The pretax margin of Worthington Steel Inc has displayed fluctuations over the past four quarters. In May 2024, the pretax margin improved to 5.97%, showing an increase from the previous quarter's 4.37% in February 2024. This positive trend indicates that the company was able to generate more income before taxes for each dollar of revenue in the most recent quarter.
Comparing the data to the performance in prior quarters, it is evident that the pretax margin was lower in November 2023 at 1.88% and in August 2023 at 3.12%. These lower percentages suggest that the company faced challenges in controlling its expenses and operational costs during those periods.
Overall, the improving trend in the pretax margin in the latest quarter is a positive indication of the company's ability to enhance its profitability levels. However, further analysis and monitoring of the margin over subsequent periods will be necessary to assess the sustainability of this improvement.
Peer comparison
May 31, 2024