Worthington Industries Inc (WOR)
Days of inventory on hand (DOH)
| Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.78 | 12.69 | 4.26 | 3.81 | 18.31 | 6.54 | 7.48 | 6.70 | 5.96 | 4.52 | 3.91 | 3.82 | 4.48 | 5.57 | 7.74 | 7.72 | 6.46 | 7.71 | 8.01 | 7.52 | |
| DOH | days | 41.59 | 28.75 | 85.62 | 95.71 | 19.94 | 55.84 | 48.80 | 54.44 | 61.20 | 80.79 | 93.23 | 95.61 | 81.40 | 65.52 | 47.18 | 47.27 | 56.53 | 47.32 | 45.56 | 48.56 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.78
= 41.59
The days of inventory on hand (DOH) for Worthington Industries Inc has shown variability over the past few years. The trend indicates fluctuations in the efficiency of managing inventory levels.
In the most recent period, as of August 31, 2024, the company had an average of 41.59 days of inventory on hand. This suggests that the company holds inventory for about 41.59 days before selling it. Comparing this to prior periods, there has been a decrease from the previous period's DOH of 28.75 days as of February 29, 2024. This reduction could indicate improved inventory management efficiency or possibly increased sales activity.
The lowest DOH within the period was 19.94 days as of May 31, 2023, indicating that the company was able to turn over its inventory relatively quickly during that period. In contrast, the highest DOH was significantly elevated at 95.71 days as of August 31, 2023, which might imply excess inventory or slow-moving products during that time frame.
Overall, fluctuations in the days of inventory on hand can provide insights into the company's operational efficiency, sales trends, and inventory management strategies. It is essential for Worthington Industries Inc to continue monitoring and optimizing their inventory levels to ensure cost-effectiveness and maintain strong financial performance.
Peer comparison
Aug 31, 2024