Worthington Industries Inc (WOR)
Days of inventory on hand (DOH)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 5.15 | 4.91 | 8.78 | 14.85 | 16.63 | 6.77 | 5.96 | 7.00 | 7.69 | 7.48 | 6.70 | 5.96 | 4.52 | 3.91 | 3.82 | 4.48 | 5.57 | 7.74 | 7.72 | 6.46 | |
| DOH | days | 70.93 | 74.37 | 41.58 | 24.57 | 21.94 | 53.90 | 61.20 | 52.18 | 47.48 | 48.80 | 54.44 | 61.20 | 80.79 | 93.23 | 95.61 | 81.40 | 65.52 | 47.18 | 47.27 | 56.53 |
February 28, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.15
= 70.93
The days of inventory on hand (DOH) for Worthington Industries Inc have shown fluctuations over the past few years based on the provided data.
From May 31, 2020, to August 31, 2020, the DOH decreased from 56.53 days to 47.27 days, indicating a more efficient management of inventory during this period. This trend of decreasing DOH continued until November 30, 2020, where it remained relatively stable at 47.18 days.
However, from February 28, 2021, to August 31, 2021, there was a significant increase in DOH, reaching 95.61 days by the latter date. This may suggest potential issues with inventory management efficiency during this period.
Subsequently, there was a gradual decrease in DOH from August 31, 2021, to February 28, 2023, indicating improvements in inventory management practices. The lowest DOH during this period was recorded on February 29, 2024, with only 21.94 days.
However, there was an abrupt increase in DOH from May 31, 2024, to November 30, 2024, where it peaked at 74.37 days. This sharp increase might indicate challenges or changes in the company's inventory management processes during that time.
Overall, based on the fluctuations in DOH over the years, Worthington Industries Inc may benefit from closely monitoring its inventory levels to optimize efficiency and minimize carrying costs.
Peer comparison
Feb 28, 2025