Worthington Steel (FRA:Z2J) Scaled Net Operating Assets : 0.68 (As of Aug. 2024)

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What is Worthington Steel Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Worthington Steel's operating assets for the quarter that ended in Aug. 2024 was €1,627 Mil. Worthington Steel's operating liabilities for the quarter that ended in Aug. 2024 was €445 Mil. Worthington Steel's Total Assets for the quarter that ended in May. 2024 was €1,726 Mil. Therefore, Worthington Steel's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2024 was 0.68.

Worthington Steel Scaled Net Operating Assets Historical Data

The historical data trend for Worthington Steel's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Worthington Steel Scaled Net Operating Assets Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Scaled Net Operating Assets

0.59

1.18

0.57

0.74

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Scaled Net Operating Assets	Get a 7-Day Free Trial						0.74	0.67	0.65	0.70	0.69

Competitive Comparison of Worthington Steel's Scaled Net Operating Assets

For the Steel subindustry, Worthington Steel's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Worthington Steel's Scaled Net Operating Assets Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Worthington Steel's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Worthington Steel's Scaled Net Operating Assets falls into.

Worthington Steel Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Worthington Steel's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2024 )
=	(Operating Assets (A: May. 2024 )	-	Operating Liabilities (A: May. 2024 ))	/	Total Assets (A: May. 2023 )
=	(1689.235	-	485.625)	/	1623.248
=	0.74

where

	Operating Assets		(A: May. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1726.42	-	37.185
=	1689.235

	Operating Liabilities		(A: May. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	692.732	-	63.177	-	143.93
=	485.625

Worthington Steel's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Aug. 2024 )
=	(Operating Assets (Q: Aug. 2024 )	-	Operating Liabilities (Q: Aug. 2024 ))	/	Total Assets (Q: May. 2024 )
=	(1626.614	-	444.611)	/	1726.42
=	0.68

where

	Operating Assets		(Q: Aug. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1659.266	-	32.652
=	1626.614

	Operating Liabilities		(Q: Aug. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	622.383	-	60.225	-	117.547
=	444.611

Worthington Steel Scaled Net Operating Assets Related Terms

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Worthington Steel Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

WS:USA Z2J:Germany

Address

100 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonsteel.com

Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.

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