Worthington Asset Turnover vs Total Assets Analysis
WOR Stock | USD 62.23 0.27 0.44% |
Worthington Industries financial indicator trend analysis is more than just analyzing Worthington Industries current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Industries is a good investment. Please check the relationship between Worthington Industries Asset Turnover and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.
Asset Turnover vs Total Assets
Asset Turnover vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Asset Turnover account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Worthington Industries' Asset Turnover and Total Assets is -0.17. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of Worthington Industries, assuming nothing else is changed. The correlation between historical values of Worthington Industries' Asset Turnover and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Worthington Industries are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Asset Turnover i.e., Worthington Industries' Asset Turnover and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Total Assets
Total assets refers to the total amount of Worthington Industries assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Worthington Industries books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Worthington Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.As of 03/29/2024, Enterprise Value Multiple is likely to grow to 6.55, while Selling General Administrative is likely to drop slightly above 252.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 714.8M | 663.3M | 762.8M | 385.2M | Total Revenue | 5.2B | 4.9B | 5.7B | 5.9B |
Worthington Industries fundamental ratios Correlations
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Worthington Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Worthington Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 3.4B | 3.6B | 3.7B | 4.2B | 4.4B | |
Short Long Term Debt Total | 736.3M | 747.8M | 844.4M | 795.4M | 914.7M | 960.4M | |
Other Current Liab | 130.2M | 210.1M | 88.8M | 173.0M | 198.9M | 100.3M | |
Total Current Liabilities | 388.2M | 787.9M | 932.3M | 717.6M | 825.2M | 440.7M | |
Total Stockholder Equity | 820.8M | 1.4B | 1.5B | 1.7B | 2.0B | 2.0B | |
Property Plant And Equipment Net | 604.2M | 550.1M | 795.1M | 775.6M | 892.0M | 575.1M | |
Net Debt | 589.1M | 107.5M | 809.9M | 340.4M | 391.5M | 340.7M | |
Retained Earnings | 572.3M | 1.1B | 1.2B | 1.4B | 1.6B | 1.7B | |
Cash | 147.2M | 640.3M | 34.5M | 454.9M | 523.2M | 549.3M | |
Non Current Assets Total | 1.3B | 1.4B | 1.9B | 1.8B | 2.0B | 2.2B | |
Non Currrent Assets Other | (37.0M) | (83.2M) | (80.7M) | (76.1M) | (68.5M) | (65.1M) | |
Cash And Short Term Investments | 147.2M | 640.3M | 34.5M | 454.9M | 523.2M | 549.3M | |
Net Receivables | 349.4M | 641.9M | 878.0M | 697.1M | 801.6M | 841.7M | |
Common Stock Shares Outstanding | 56.0M | 53.9M | 51.0M | 48.6M | 43.7M | 64.2M | |
Liabilities And Stockholders Equity | 2.3B | 3.4B | 3.6B | 3.7B | 4.2B | 4.4B | |
Non Current Liabilities Total | 976.8M | 1.0B | 1.1B | 1.1B | 1.3B | 1.3B | |
Inventory | 405.1M | 564.8M | 759.1M | 608.0M | 699.2M | 355.0M | |
Other Current Assets | 68.5M | 69.0M | 93.7M | 105.0M | 120.7M | 126.7M | |
Other Stockholder Equity | 283.8M | 282.8M | 273.4M | 290.8M | 334.4M | 262.8M | |
Total Liab | 1.4B | 1.8B | 2.0B | 1.8B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 604.2M | 550.1M | 1.6B | 1.8B | 2.0B | 2.1B | |
Total Current Assets | 983.2M | 2.0B | 1.8B | 1.9B | 2.1B | 2.3B | |
Accumulated Other Comprehensive Income | (35.2M) | 45.4M | (22.9M) | (23.2M) | (26.7M) | (28.0M) | |
Short Term Debt | 11M | 10.4M | 59.9M | 15.7M | 18.0M | 17.1M | |
Accounts Payable | 247.0M | 567.4M | 668.4M | 528.9M | 608.3M | 638.7M | |
Good Will | 321.4M | 351.1M | 401.5M | 414.8M | 477.0M | 500.9M | |
Intangible Assets | 184.4M | 240.4M | 299.0M | 314.2M | 361.4M | 379.4M | |
Other Liab | 247.9M | 296.2M | 312.3M | 332.0M | 381.8M | 400.9M | |
Other Assets | 1K | 30.6M | 34.4M | 25.3M | 22.8M | 21.3M | |
Long Term Debt | 699.5M | 710.0M | 696.3M | 689.7M | 793.2M | 468.1M | |
Property Plant Equipment | 572.6M | 550.1M | 795.1M | 775.6M | 698.1M | 477.9M | |
Common Stock | 820.8M | 1.4B | 1.5B | 1.7B | 2.0B | 2.0B | |
Net Tangible Assets | 315.0M | 806.8M | 780.3M | 967.0M | 1.1B | 586.6M | |
Noncontrolling Interest In Consolidated Entity | 117.1M | 145.6M | 153.5M | 133.2M | 153.2M | 114.0M | |
Retained Earnings Total Equity | 591.5M | 572.3M | 1.1B | 1.2B | 1.4B | 736.2M | |
Long Term Debt Total | 699.5M | 710.0M | 696.3M | 689.7M | 793.2M | 621.3M |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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Is Worthington Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worthington Industries. If investors know Worthington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worthington Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.53) | Dividend Share 1.11 | Earnings Share 3.8 | Revenue Per Share 97.839 | Quarterly Revenue Growth (0.71) |
The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.