Worthington Industries Inc (WOR)
Payables turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 960,684 | 4,253,080 | 4,527,400 | 2,532,350 | 2,615,780 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
May 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $960,684K ÷ $—K
= —
The payables turnover ratio for Worthington Industries Inc has been reported as "—". This indicates that the company has not provided specific data for this ratio for the years ending May 31, 2020 through May 31, 2024. The payables turnover ratio is a measure of how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.
Without the actual values for the payables turnover ratio, it is challenging to assess the company's ability to effectively manage its payables and how quickly it is paying off its suppliers. It is important for stakeholders to consider additional financial metrics and information to gain a comprehensive understanding of Worthington Industries Inc's financial performance and liquidity management.
Peer comparison
May 31, 2024