Worthington Industries Inc (WOR)

The data indicates notable fluctuations in the number of days of payables for Worthington Industries Inc over the period from May 31, 2021, through May 31, 2025.

In May 2021, the company’s accounts payable period was approximately 77.22 days, suggesting a relatively extended period to settle liabilities, which could imply favorable credit terms or efficient cash management. By May 2022, this figure decreased significantly to 53.89 days, reflecting a possible tightening of payment policies or improved working capital management.

The most substantial change occurred by May 2023, when the number of days of payables drastically declined to 10.88 days. Such a sharp reduction typically indicates that the company paid its suppliers much more quickly, which could be attributed to several factors, including improved liquidity, changes in supplier agreements, or a strategic decision to settle payables promptly.

Following this low point, the payable period increased again to 34.27 days in May 2024. This upward trend may suggest a shift back toward longer payment terms or a strategic adjustment to cash management, possibly influenced by operational needs or supplier negotiations. By May 2025, the number of days of payables rose further to 45.13 days, indicating a continuation of this moderate extension in the average settlement period.

Overall, the trend shows significant variability in payment practices, with a sharp reduction in 2023 followed by a gradual lengthening of payable days. Such fluctuations could be indicative of strategic shifts in working capital approaches, responsiveness to external financial conditions, or adjustments in supplier relationships over the observed timeframe.

Peer comparison

May 31, 2025