Worksport (WKSP) Asset Utilization Ratio (2014 - 2026)
Worksport (WKSP) reported Asset Utilization Ratio of 0.59 for Q1 2026, up 50.4% year-over-year from 0.39 in Q1 2025, and up 5.15% on a QoQ basis from 0.56 in Q4 2025.
Worksport (WKSP) has 13 years of Asset Utilization Ratio data on file, last reported at 0.59 in Q1 2026.
- Quarterly Asset Utilization Ratio rose 50.4% year-over-year to 0.59 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.59 (up 50.4% YoY) and the FY2025 annual result came in at 0.57, up 73.78% from the prior year.
- Asset Utilization Ratio climbed to 0.59 in Q1 2026 per WKSP's latest filing, from 0.56 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.59 in Q1 2026 and bottomed at 0.0 in Q3 2022.
- The 5-year median for Asset Utilization Ratio is 0.08 (2024), against an average of 0.21.
- The widest annual swing landed in 2022, when Asset Utilization Ratio slumped 86.68%; it then jumped 2258.23% in 2024.
- Tracing WKSP's Asset Utilization Ratio over 5 years: stood at 0.0 in 2022, then jumped by 1677.87% to 0.06 in 2023, then surged by 453.57% to 0.33 in 2024, then soared by 66.5% to 0.56 in 2025, then gained by 5.15% to 0.59 in 2026.
- Per Business Quant, the three latest WKSP Asset Utilization Ratio figures stand at 0.59 (Q1 2026), 0.56 (Q4 2025), and 0.56 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 77.46 Bn | 77.21 Bn | 2.35 Bn | 1.09 |
| 2 | Autozone | 56.88 Bn | 56.59 Bn | 2.24 Bn | 0.98 |
| 3 | Genuine Parts | 13.45 Bn | 12.97 Bn | 2.34 Bn | 1.18 |
| 4 | Modine Manufacturing | 13.16 Bn | 13.07 Bn | 186.10 Mn | 1.18 |
| 5 | Borgwarner | 13.07 Bn | 13.23 Bn | 677.00 Mn | 1.05 |
| 6 | Aptiv | 11.89 Bn | 8.82 Bn | 920.00 Mn | 0.85 |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 1.33 |
| 8 | Allison Transmission Holdings | 9.02 Bn | 8.71 Bn | 406.00 Mn | 0.49 |
| 9 | Autoliv | 9.01 Bn | 8.66 Bn | 526.00 Mn | 1.28 |
| 10 | Worksport | 9.81 Mn | 9.24 Mn | 853,946.00 | 0.59 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.59 |
| Dec 31, 2025 | 0.56 |
| Sep 30, 2025 | 0.56 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.33 |
| Sep 30, 2024 | 0.25 |
| Jun 30, 2024 | 0.14 |
| Mar 31, 2024 | 0.08 |
| Dec 31, 2023 | 0.06 |
| Sep 30, 2023 | 0.03 |
| Jun 30, 2023 | 0.01 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.00 |
| Sep 30, 2022 | 0.00 |
| Jun 30, 2022 | 0.00 |
| Mar 31, 2022 | 0.01 |
| Dec 31, 2021 | 0.01 |
| Sep 30, 2021 | 0.02 |
| Jun 30, 2021 | 0.04 |
| Mar 31, 2021 | 0.05 |
| Dec 31, 2020 | 0.23 |
| Sep 30, 2020 | 0.20 |
| Jun 30, 2020 | 1.33 |
| Mar 31, 2020 | 2.40 |
| Dec 31, 2019 | 2.90 |
| Sep 30, 2019 | 2.95 |
| Jun 30, 2019 | 2.12 |
| Mar 31, 2019 | 1.56 |
| Dec 31, 2018 | 0.76 |
| Sep 30, 2018 | 0.67 |
| Jun 30, 2018 | 0.63 |
| Mar 31, 2018 | 0.52 |
| Dec 31, 2017 | 0.53 |
| Sep 30, 2017 | 0.56 |
| Jun 30, 2017 | 1.32 |
| Mar 31, 2017 | 1.18 |
| Dec 31, 2016 | 1.15 |
| Sep 30, 2016 | 1.94 |
| Jun 30, 2016 | 2.17 |
| Mar 31, 2016 | 2.50 |
| Dec 31, 2015 | 0.68 |
| Sep 30, 2015 | 0.28 |
| Jun 30, 2015 | 0.38 |
| Mar 31, 2015 | 1.32 |
| Sep 30, 2014 | 717.89 |
| Jun 30, 2014 | 427.40 |
| Mar 31, 2014 | 1.55 |