Worthington Industries Inc (WOR)
Inventory turnover
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 873,394 | 915,695 | 1,705,378 | 1,729,079 | 2,563,908 | 3,560,910 | 3,928,994 | 4,896,760 | 4,875,250 | 4,527,404 | 3,926,995 | 3,286,896 | 2,834,244 | 2,532,351 | 2,301,917 | 2,355,357 | 2,466,765 | 2,615,782 | 2,906,884 | 3,042,793 |
| Inventory | US$ in thousands | 179,463 | 187,299 | 191,716 | 576,411 | 672,296 | 194,499 | 601,124 | 654,624 | 727,135 | 759,140 | 869,198 | 839,588 | 742,408 | 564,754 | 413,181 | 304,443 | 319,478 | 405,101 | 376,871 | 379,787 |
| Inventory turnover | 4.87 | 4.89 | 8.90 | 3.00 | 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 |
November 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $873,394K ÷ $179,463K
= 4.87
Worthington Industries Inc's inventory turnover ratio fluctuated over the past few years, indicating varying efficiency in managing its inventory. The ratio decreased from 8.01 on November 30, 2019, to a low of 3.00 on November 30, 2023, signifying a potential issue with inventory management during that period. However, the ratio improved to 8.90 on February 29, 2024.
Overall, the company's inventory turnover has shown some volatility, with significant variations observed between May 31, 2023 (18.31) and August 31, 2023 (3.81). It is important to monitor the trend of the inventory turnover ratio over time to assess the efficiency of inventory management practices within Worthington Industries Inc.
Peer comparison
Nov 30, 2024
Nov 30, 2024