Worthington Industries Inc (WOR)
Days of inventory on hand (DOH)
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.93 | 5.84 | 7.00 | 5.96 | 4.48 | |
| DOH | days | 74.07 | 62.54 | 52.18 | 61.20 | 81.40 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.93
= 74.07
The analysis of Worthington Industries Inc.'s days of inventory on hand (DOH) over the period from May 31, 2021, to May 31, 2025, indicates notable fluctuations in inventory management efficiency.
As of May 31, 2021, the DOH stood at approximately 81.40 days, reflecting a relatively high level of inventory relative to sales during that period. By May 31, 2022, this figure decreased to approximately 61.20 days, demonstrating an improvement in inventory turnover and potentially more efficient inventory management or increased sales velocity. The subsequent year, May 31, 2023, saw a further reduction in DOH to approximately 52.18 days, suggesting continued efficiency gains or a strategic reduction of inventory levels.
However, in the following year, May 31, 2024, the DOH increased to approximately 62.54 days, signaling a shift towards higher inventory levels relative to sales or a slowdown in inventory turnover. This upward trend persisted into May 31, 2025, with the DOH rising further to approximately 74.07 days, indicating a notable elongation in the duration inventory remains on hand before being sold.
Overall, the trend from 2021 through 2023 shows a period of improving inventory efficiency, with decreasing DOH values over this timeframe. Conversely, the period from 2024 onward reflects a reversal, with increasing DOH figures suggesting either strategic inventory buildup, production adjustments, or changes in demand patterns. These fluctuations highlight the company's evolving inventory management practices and market conditions affecting inventory turnover rates over the four-year span.
Peer comparison
May 31, 2025