Worthington Steel Inc (WS)
Return on assets (ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 155,072 | 107,272 | 42,472 | 78,588 | |||
| Total assets | US$ in thousands | 1,866,400 | 1,849,000 | 1,897,400 | 1,857,750 | — | — | — |
| ROA | 8.31% | 5.80% | 2.24% | 4.23% |
May 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $155,072K ÷ $1,866,400K
= 8.31%
The return on assets (ROA) of Worthington Steel Inc has shown fluctuations over the past few quarters. In May 31, 2024, the ROA was 8.31%, which represented a significant increase compared to the previous period in Feb 29, 2024 when it was 5.80%. This indicates that the company was able to generate a higher level of profit relative to its assets in the most recent quarter.
Prior to that, in Nov 30, 2023, the ROA was at a lower level of 2.24%, which suggests a decrease in profitability efficiency compared to the previous quarter. However, in Aug 31, 2023, there was a notable improvement in the ROA to 4.23%, indicating a better utilization of assets to generate profits.
Overall, the trend in the ROA of Worthington Steel Inc has been somewhat volatile, with fluctuations in performance levels. It is important for investors and stakeholders to monitor the company's ability to generate profits relative to its assets over time to assess its operational efficiency and financial health.
Peer comparison
May 31, 2024