Worthington Industries Inc (WOR)
Days of inventory on hand (DOH)
May 31, 2025 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory turnover | 4.93 | 5.15 | 4.91 | 8.78 | 14.85 | 16.63 | 5.57 | 4.93 | 5.86 | 6.54 | 7.48 | 6.70 | 5.96 | 4.52 | 3.91 | 3.82 | 4.48 | 5.57 | 7.74 | 7.72 | |
DOH | days | 74.07 | 70.93 | 74.37 | 41.58 | 24.57 | 21.94 | 65.53 | 73.97 | 62.32 | 55.84 | 48.80 | 54.44 | 61.20 | 80.79 | 93.23 | 95.61 | 81.40 | 65.52 | 47.18 | 47.27 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.93
= 74.07
The data reflects fluctuations in Worthington Industries Inc.'s days of inventory on hand (DOH) over a period spanning from August 2020 through May 2025. Initially, the DOH was approximately 47.27 days as of August 31, 2020, and remained relatively stable through November 2020 at around 47.18 days. However, by February 28, 2021, the DOH increased significantly to approximately 65.52 days, indicating a lengthening in inventory holding periods. This upward trend continued, reaching a peak of about 95.61 days as of August 31, 2021, and maintaining high levels through November 2021 at roughly 93.23 days.
From late 2021 into mid-2022, the DOH gradually decreased, dropping to approximately 61.20 days in May 2022 and further to 54.44 days by August 2022. The decline within this period suggests an improvement in inventory management efficiency or a change in inventory turnover dynamics. This downward trend persisted into late 2022, with the DOH reaching around 48.80 days in November 2022.
The beginning of 2023 experienced some variability, with DOH slightly increasing again to 55.84 days as of February 28, 2023, and then rising to 62.32 days by May 31, 2023. The trend continued upward in the latter part of the year, reaching approximately 73.97 days in August 2023, before decreasing again to about 65.53 days as of November 30, 2023.
A notable shift occurred by February 29, 2024, with the DOH decreasing sharply to 21.94 days, signifying an aggressive reduction in inventory levels or a change in inventory management strategy. By May 2024, the DOH increased slightly to 24.57 days and then rose further to 41.58 days in August 2024. The ending period shows a resurgence in inventory days, with the DOH reaching 74.37 days as of November 30, 2024, and remaining elevated at around 70.93 days by February 2025, culminating at approximately 74.07 days as of May 2025.
Over the observed timeframe, Worthington Industries Inc. experienced significant variability in inventory management efficiency, with periods of both extended and shortened inventory holding durations. The sharp decrease in DOH observed in early 2024 suggests efforts to optimize inventory levels or respond to changing operational or market conditions. The overall pattern indicates a cyclical or reactive approach to inventory management, influenced by internal strategies and external factors impacting supply chain dynamics.
Peer comparison
May 31, 2025