Worthington Steel Inc (WS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 985,300 | 937,600 | 1,040,300 | 983,697 | — | — | 1,266,360 |
| ROE | 15.74% | 11.44% | 4.08% | 7.99% |
May 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $155,072K ÷ $985,300K
= 15.74%
Worthington Steel Inc's return on equity (ROE) has been fluctuating over the past few quarters, indicating varying levels of profitability and efficiency in generating returns for its shareholders.
The ROE was 15.74% as of May 31, 2024, which represents a significant improvement compared to the previous quarter's ROE of 11.44% on Feb 29, 2024. This increase suggests that the company has become more efficient in utilizing shareholder equity to generate profits.
Prior to that, the ROE had been fluctuating between 4.08% on Nov 30, 2023, and 7.99% on Aug 31, 2023. These lower ROE figures may indicate challenges or inefficiencies within the company during those periods, potentially related to operational performance or financial management.
It is essential for Worthington Steel Inc to continue monitoring and analyzing its ROE to identify trends, strengths, and weaknesses in its operations and financial performance. By focusing on improving efficiency, profitability, and overall shareholder value, the company can strive for more consistent and favorable ROE figures in the future.
Peer comparison
May 31, 2024