Worthington Steel Inc (WS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 110,700 | 108,200 | 143,400 | 124,600 | 155,072 | 166,396 | 122,796 | 112,996 | 84,240 | 49,832 |
| 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 |
| ROA | 5.64% | 6.01% | 8.24% | 6.81% | 8.31% | 9.00% | 6.47% | 6.08% | 4.77% | 2.82% |
May 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $110,700K ÷ $1,961,800K
= 5.64%
The analysis of Worthington Steel Inc.'s return on assets (ROA) over the specified period reveals several notable trends. As of February 28, 2023, the company's ROA was at 2.82%, indicating a relatively modest efficiency in utilizing its assets to generate earnings at that early stage. By May 31, 2023, the ROA increased to 4.77%, reflecting an improvement in overall asset profitability within the subsequent quarter. This upward movement continued into August 31, 2023, with ROA reaching 6.08%, suggesting further strengthening in operational efficiency or profit margins.
The most significant growth was observed by November 30, 2023, when the ROA rose to 6.47%, and this positive trend persisted as of February 29, 2024, with the ROA climbing sharply to 9.00%. This substantial increase indicates a period of improved asset utilization and profitability, possibly driven by operational efficiencies, enhanced sales, or cost management strategies.
Through May 31, 2024, the ROA experienced a slight decline to 8.31%, and it continued to diminish to 6.81% by August 31, 2024, suggesting some moderation in profitability or operational performance after the peak observed earlier in the fiscal year. As of November 30, 2024, the ROA increased again to 8.24%, indicating a recovery in asset profitability.
However, by the end of February 2025, the ROA decreased to 6.01%, and further declined to 5.64% as of May 31, 2025, signaling a downward trend in asset efficiency or earnings relative to assets in the most recent period.
Overall, the company's ROA displays significant variability over the analyzed timeline, with periods of rapid improvement followed by moderate declines. The observed fluctuations could be attributable to changes in operational performance, investment activities, or external market conditions influencing the company's profitability and asset utilization.
Peer comparison
May 31, 2025