Worthington Steel Inc (WS)
Days of sales outstanding (DSO)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.20 | 6.95 | 7.82 | — | ||||
| DSO | days | 50.72 | 52.52 | 46.67 | — |
May 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.20
= 50.72
The days of sales outstanding (DSO) for Worthington Steel Inc have shown some fluctuations over the past few quarters. In May 2024, the DSO was 50.72 days, which decreased from the DSO of 52.52 days in February 2024. This suggests that the company was able to collect its accounts receivable more efficiently in the most recent period.
Comparing the DSO of May 2024 to the DSO of November 2023, there was an increase from 46.67 days to 50.72 days. This implies that there may have been delays in collecting receivables during this period.
Unfortunately, data for DSO in August 2023 is not available for comparison. However, looking back to February 2023, the DSO was 52.52 days, which decreased to 46.67 days by November 2023. This indicates an improvement in receivables collection efficiency over that period.
Further back, in February 2023, the DSO was 52.52 days, and in November 2022, it was not available for comparison. Nonetheless, it is evident that there was a decrease in DSO in August 2022 to 52.52 days from the previous reading of 46.67 days in May 2022.
In summary, despite some fluctuations, Worthington Steel Inc has shown varying levels of efficiency in collecting accounts receivable over the observed periods. It is essential for the company to monitor and manage its DSO effectively to ensure timely collection of outstanding payments and maintain healthy cash flow.
Peer comparison
May 31, 2024