Worthington Industries Inc (WOR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.49 | 11.06 | 15.69 | 3.87 | 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 | |
| Number of days of payables | days | 34.80 | 32.99 | 23.26 | 94.38 | 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 |
November 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.49
= 34.80
The number of days of payables for Worthington Industries Inc has shown some fluctuations over the past few years, ranging from a low of 12.99 days on May 31, 2023, to a high of 94.38 days on November 30, 2023. This metric indicates how long, on average, the company takes to pay its trade suppliers and vendors after the receipt of goods or services.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, which may indicate strong liquidity or good relationships with suppliers. Conversely, a higher number of days of payables could suggest that the company is taking longer to settle its obligations, potentially straining relationships with suppliers or managing cash flow more efficiently.
Overall, monitoring the trend in the number of days of payables can provide insights into Worthington Industries' management of working capital, supplier relationships, and financial health. Observing changes in this ratio over time and in comparison to industry benchmarks can help assess the efficiency and effectiveness of the company's payables management.
Peer comparison
Nov 30, 2024