Worthington Steel Inc (WS)
Inventory turnover
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,704,700 | 2,780,700 | 2,858,200 | 2,947,000 | 2,990,674 | 2,942,556 | 2,959,456 | 3,037,056 | 3,245,815 | 3,498,066 |
| Inventory | US$ in thousands | — | 342,300 | 343,000 | 392,100 | 405,300 | 408,200 | 373,800 | 458,068 | 414,754 | 414,754 |
| Inventory turnover | — | 8.12 | 8.33 | 7.52 | 7.38 | 7.21 | 7.92 | 6.63 | 7.83 | 8.43 |
May 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,704,700K ÷ $—K
= —
The inventory turnover ratios for Worthington Steel Inc. over the reported periods demonstrate fluctuations that suggest variability in inventory management efficiency. As of February 28, 2023, the ratio was notably high at 8.43, indicating that the company was able to sell and replace its inventory approximately 8.43 times within that period. This level slightly declined by May 31, 2023, to 7.83, suggesting a modest slowdown in inventory turnover.
The subsequent drop to 6.63 by August 31, 2023, represents a more significant decrease, which could signal increased holding periods—potentially due to slow-moving inventory or strategic stockpiling. However, there is a recovery in the following periods, with the ratio rising to 7.92 on November 30, 2023, indicating improved inventory movement.
In the subsequent periods, the ratios fluctuate modestly: 7.21 as of February 29, 2024; 7.38 for May 31, 2024; and 7.52 as of August 31, 2024. These incremental increases suggest stabilization in inventory turnover after the earlier decline. By November 30, 2024, the ratio climbs further to 8.33, nearing the initial high levels observed in early 2023.
Finally, as of February 28, 2025, the ratio stands at 8.12, maintaining a level comparable to the earlier high points, indicating consistent efficiency in inventory management within the most recent periods. The data for May 31, 2025, is unavailable or unreported, leaving the trend for that interval indeterminate.
Overall, the inventory turnover ratio has experienced notable variations over the observed periods, with an initial high, a mid-period decline, followed by a recovery towards earlier high levels. These fluctuations may reflect changes in sales performance, inventory control policies, or shifts in market demand. The recent ratios suggest that the company is maintaining a relatively stable and efficient inventory management process comparable to its historical performance.
Peer comparison
May 31, 2025
May 31, 2025