Worthington Industries Inc (WOR)
Number of days of payables
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 19.86 | 22.40 | 5.50 | 4.87 | 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 | |
| Number of days of payables | days | 18.38 | 16.30 | 66.41 | 74.98 | 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 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.86
= 18.38
The number of days of payables for Worthington Industries Inc has displayed fluctuations over the past several reporting periods. On average, the company takes approximately 45 days to pay its suppliers.
The data reveals that there have been periods of relatively shorter payment cycles, such as in May 2020 and August 2020 when the number of days of payables was around 34-35 days. Conversely, there were instances of longer payment cycles, like in November 2021 and August 2023, where the number of days of payables exceeded 70 days.
Overall, variations in the number of days of payables can be influenced by factors such as changes in the company's cash flow position, negotiation dynamics with suppliers, and operational efficiency in managing accounts payable. Monitoring this metric can provide insights into Worthington Industries Inc's liquidity management and working capital practices.
Peer comparison
Aug 31, 2024