Worksport (WKSP) Asset Utilization Ratio (2014 - 2026)

Worksport has disclosed Asset Utilization Ratio across 13 years of filings, most recently posting 0.59 for Q1 2026.

• In Q1 2026, Asset Utilization Ratio rose 50.4% year-over-year to 0.59; the TTM figure through Mar 2026 stood at 0.59 (up 50.4% YoY), while the FY2025 annual figure was 0.57, up 73.78% from the prior year.
• Asset Utilization Ratio improved to 0.59 in Q1 2026, from 0.56 in the prior quarter.
• Over the last five years, Asset Utilization Ratio for WKSP reached as high as 0.59 in Q1 2026 and fell as low as 0.0 in Q3 2022.
• The 5-year median for Asset Utilization Ratio is 0.08 (2024), against an average of 0.21.
• Annual changes were most pronounced in 2022 — Asset Utilization Ratio slumped 86.68% — and 2024, when it soared 2258.23%.
• A 5-year view of Asset Utilization Ratio shows it stood at 0.0 in 2022, then soared by 1677.87% to 0.06 in 2023, then jumped by 453.57% to 0.33 in 2024, then surged by 66.5% to 0.56 in 2025, then climbed by 5.15% to 0.59 in 2026.
• According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.59, 0.56, and 0.56 for Q1 2026, Q4 2025, and Q3 2025 respectively.