Worksport (WKSP) Asset Utilization Ratio (2014 - 2026)
Worksport (WKSP) posted quarterly 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% quarter-over-quarter from 0.56 in Q4 2025.
Worksport (WKSP) Asset Utilization Ratio (2014 - 2026) Analysis & Trends
Worksport (WKSP) has reported Asset Utilization Ratio for 13 consecutive years, with 0.59 the latest figure, recorded in 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 rose 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.
- Historically, Asset Utilization Ratio has averaged 0.21 across 5 years, with a median of 0.08 in 2024.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio plunged 86.68% — and 2024, when it soared 2258.23%.
- Worksport's Asset Utilization Ratio 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 grew by 5.15% to 0.59 in 2026.
- Business Quant data shows WKSP's Asset Utilization Ratio at 0.59 in Q1 2026, 0.56 in Q4 2025, and 0.56 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 1.08 |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 0.97 |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 1.19 |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 1.04 |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 0.51 |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 0.87 |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 1.31 |
| 10 | Worksport | 7.00 Mn | 5.71 Mn | 1.65 Mn | 0.65 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.65 |
| 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 |