Worthington Steel Inc (WS)
Inventory turnover
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,990,774 | 2,928,274 | 3,067,974 | 3,306,207 | |||
| Inventory | US$ in thousands | 405,300 | 408,200 | 373,800 | 458,068 | — | — | — |
| Inventory turnover | 7.38 | 7.17 | 8.21 | 7.22 |
May 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,990,774K ÷ $405,300K
= 7.38
The inventory turnover for Worthington Steel Inc has shown some fluctuations over the past seven quarters. The company's inventory turnover ratios for the periods ending May 31, 2024, Feb 29, 2024, Nov 30, 2023, and Aug 31, 2023 were 7.38, 7.17, 8.21, and 7.22, respectively.
The highest inventory turnover ratio was observed in Nov 30, 2023, indicating that inventory was being sold and restocked at a faster rate during that period. This could suggest efficient inventory management or strong sales performance during that specific quarter.
Although the inventory turnover ratios have varied, they generally indicate that Worthington Steel Inc is effectively managing its inventory levels in relation to its sales volume. Consistent turnover of inventory is essential to minimizing holding costs and ensuring adequate cash flow.
Overall, the inventory turnover figures suggest that Worthington Steel Inc has been effectively managing its inventory throughout the observed quarters, ensuring a healthy balance between sales and inventory levels.
Peer comparison
May 31, 2024
May 31, 2024