Worthington Steel Inc (WS)
Days of inventory on hand (DOH)
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.41 | 7.38 | 7.89 | 7.89 | 6.45 | |
| DOH | days | 56.95 | 49.46 | 46.28 | 46.28 | 56.59 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.41
= 56.95
The data indicates that Worthington Steel Inc's days of inventory on hand (DOH) have exhibited fluctuations over the specified periods. As of August 31, 2022, the DOH was approximately 56.59 days, suggesting that, on average, inventory remained in stock for nearly two months before being sold or used. By May 31, 2023, this figure declined to 46.28 days, reflecting an improvement in inventory turnover and possibly enhanced inventory management efficiency. The DOH remained constant at 46.28 days through August 31, 2023, indicating stability in inventory levels during this period. However, by May 31, 2024, the DOH slightly increased to 49.46 days, signifying a marginal buildup in inventory holdings. This upward movement continued, reaching approximately 56.95 days as of May 31, 2025, approaching the levels observed at the start of the period analyzed. Overall, the trend suggests periods of both inventory optimization and buildup, with recent increases indicating a potential shift toward higher inventory levels or slower inventory turnover, which could impact liquidity and working capital management.
Peer comparison
May 31, 2025