Worthington Industries Inc (WOR)
Number of days of payables
| 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 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 29.33 | 7.18 | 6.30 | 28.10 | 8.03 | 10.17 | 8.40 | 6.77 | 5.44 | 5.39 | 4.34 | 4.46 | 5.58 | 6.97 | 8.39 | 10.59 | 8.04 | 9.19 | 9.03 | 8.33 | |
| Number of days of payables | days | 12.44 | 50.83 | 57.95 | 12.99 | 45.46 | 35.87 | 43.46 | 53.89 | 67.13 | 67.77 | 84.14 | 81.78 | 65.45 | 52.37 | 43.53 | 34.47 | 45.37 | 39.70 | 40.42 | 43.80 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.33
= 12.44
The number of days of payables for Worthington Industries Inc has fluctuated over the past few reporting periods. The average number of days of payables has been around 47 days, indicating that the company, on average, takes approximately 47 days to pay its suppliers or vendors.
Looking at the trend, there are periods where the number of days of payables has been relatively low, such as in Feb 2020 and May 2020, where it was around 34-35 days. On the other hand, there are periods with higher numbers of days of payables, like in Nov 2021 and Aug 2021, where it was around 81-84 days.
Overall, a lower number of days of payables may indicate more efficient management of payables, while a higher number may suggest potential liquidity challenges or delays in payments to suppliers. It is important to monitor this ratio over time to understand the company's cash management practices and relationships with suppliers.
Peer comparison
Feb 29, 2024