Worthington Steel Inc (WS)
Return on equity (ROE)
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 154,700 | 84,324 | 180,375 | 171,014 |
| Total stockholders’ equity | US$ in thousands | 985,300 | 1,028,960 | 1,133,150 | 661,330 |
| ROE | 15.70% | 8.20% | 15.92% | 25.86% |
May 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $154,700K ÷ $985,300K
= 15.70%
Worthington Steel Inc's return on equity (ROE) has fluctuated over the past four years, as indicated by the data provided. In August 2021, the company achieved a relatively high ROE of 25.86%, reflecting strong profitability relative to its shareholders' equity. However, this figure declined to 15.92% in August 2022, before further decreasing to 8.20% in August 2023.
The ROE showed some improvement in the most recent data available, reaching 15.70% in May 2024. This suggests that the company may have made efforts to enhance its profitability and efficiency in utilizing shareholder investments.
Overall, the trend in ROE for Worthington Steel Inc indicates some variability in its financial performance and efficiency in generating returns for shareholders over the past four years. Further analysis of the company's financial statements and operations may provide insights into the factors driving these fluctuations and help assess the company's sustainable growth prospects.
Peer comparison
May 31, 2024