Worthington Income Tax Expense from 2010 to 2024

WS Stock   45.14  1.19  2.71%   
Worthington Steel Income Tax Expense yearly trend continues to be comparatively stable with very little volatility. Income Tax Expense will likely drop to about 35.3 M in 2024. From the period from 2010 to 2024, Worthington Steel Income Tax Expense quarterly data regression had r-value of (0.47) and coefficient of variation of  13.61. View All Fundamentals
 
Income Tax Expense  
First Reported
2010-12-31
Previous Quarter
46.1 M
Current Value
35.3 M
Quarterly Volatility
6.3 M
 
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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.
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Latest Worthington Steel's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Worthington Steel over the last few years. It is Worthington Steel's Income Tax Expense 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.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Worthington Income Tax Expense Regression Statistics

Arithmetic Mean46,458,240
Geometric Mean45,956,423
Coefficient Of Variation13.61
Mean Deviation3,969,349
Median48,483,000
Standard Deviation6,322,986
Sample Variance40T
Range25.8M
R-Value(0.47)
Mean Square Error33.6T
R-Squared0.22
Significance0.08
Slope(664,278)
Total Sum of Squares559.7T

Worthington Income Tax Expense History

202435.3 M
202346.1 M
202228.2 M
202154 M

About Worthington Steel Financial Statements

Worthington Steel shareholders use historical fundamental indicators, such as Income Tax Expense, 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
Income Tax Expense46.1 M35.3 M

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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.