Worthington Fixed Asset Turnover from 2010 to 2024

WS Stock   44.84  0.15  0.34%   
Worthington Steel Fixed Asset Turnover yearly trend continues to be comparatively stable with very little volatility. Fixed Asset Turnover is likely to outpace its year average in 2024. From the period from 2010 to 2024, Worthington Steel Fixed Asset Turnover quarterly data regression had r-value of (0.11) and coefficient of variation of  5.07. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
6.26364798
Current Value
8.01
Quarterly Volatility
0.37875186
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Worthington Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Worthington Steel's main balance sheet or income statement drivers, such as Tax Provision of 35.3 M, Depreciation And Amortization of 65.8 M or Selling General Administrative of 206.1 M, as well as many indicators such as Price To Sales Ratio of 0.47, Dividend Yield of 0.0039 or PTB Ratio of 1.62. Worthington financial statements analysis is a perfect complement when working with Worthington Steel Valuation or Volatility modules.
  
Check out the analysis of Worthington Steel Correlation against competitors.
For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.

Latest Worthington Steel's Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of Worthington Steel over the last few years. It is Worthington Steel's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Worthington Steel's overall financial position and show how it may be relating to other accounts over time.
Fixed Asset Turnover10 Years Trend
Pretty Stable
   Fixed Asset Turnover   
       Timeline  

Worthington Fixed Asset Turnover Regression Statistics

Arithmetic Mean7.48
Geometric Mean7.47
Coefficient Of Variation5.07
Mean Deviation0.17
Median7.50
Standard Deviation0.38
Sample Variance0.14
Range1.7464
R-Value(0.11)
Mean Square Error0.15
R-Squared0.01
Significance0.69
Slope(0.01)
Total Sum of Squares2.01

Worthington Fixed Asset Turnover History

2024 8.01
2023 6.26
2022 7.38
2021 7.96

About Worthington Steel Financial Statements

Worthington Steel shareholders use historical fundamental indicators, such as Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Worthington Steel investors may analyze each financial statement separately, they are all interrelated. The changes in Worthington Steel's assets and liabilities, for example, are also reflected in the revenues and expenses on on Worthington Steel's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Fixed Asset Turnover 6.26  8.01 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Worthington Stock Analysis

When running Worthington Steel's price analysis, check to measure Worthington Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.