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Resalecompany Winmark is a franchisor that owns concepts including Plato's Closet, Play It Again Sports, and Once Upon a Child. The company has tripled the return of the S&P 500 since its IPO, and delivered an annualized return of 18% over the past five years. So, investors may want to pay attention to it.
While our company has an impressive collection of assets, technology, and people, it's clear that we need to sharpen our execution and accelerate our performance. By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation.
Margin was down 50 basis points year to year, primarily driven by lower noncash pension income and the impact of gains from asset sales booked in the fourth quarter of fiscal '23. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%. Non-GAAP EPS was $0.97, down $0.05
We are now refocusing VMware on its core business of creating private and hybrid cloud environments among large enterprises globally and divesting noncore assets. Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. Those are good assets.
and our consolidated return on assets was 14.8%. And historically, long ago, Horton was a fairly significant acquirer of publiccompanies and other private companies, and still here and there. Obviously, resale inventory was incredibly tight. At December 31st, our stockholders equity was $23.2
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