Worthington Industries Inc (WOR)
Receivables turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
May 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,245,700K ÷ $—K
= —
The receivables turnover ratio for Worthington Industries Inc appears to be unavailable for the periods ending May 31, 2020 to May 31, 2024, as indicated by the data provided. The lack of this ratio may hinder a comprehensive assessment of how effectively the company is managing its accounts receivable during these periods. Receivables turnover is a key metric that helps evaluate the efficiency of a company in collecting its outstanding receivables from customers. It provides insight into how many times a company collects its average accounts receivable balance during a specific period. Without this ratio, it becomes challenging to gauge Worthington Industries Inc's performance in converting its credit sales into cash. It would be beneficial for the company to provide this data in future statements to allow stakeholders to analyze its receivables management effectiveness.
Peer comparison
May 31, 2024