Worthington Steel Inc (WS)
Number of days of payables
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.72 | 7.86 | — | 8.33 | — | |
| Number of days of payables | days | 54.32 | 46.42 | — | 43.80 | — |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.72
= 54.32
The data provided indicates that Worthington Steel Inc's number of days of payables experienced variability over the specified periods. As of August 31, 2022, the count is not available or not reported. By May 31, 2023, the company’s payables period was approximately 43.80 days, suggesting a moderate credit period extended to suppliers during that time. The figure remains unspecified as of August 31, 2023. However, by May 31, 2024, this metric increased to approximately 46.42 days, indicating a slight extension in the average time taken to settle payables. Further increase is observed by May 31, 2025, with the payables period reaching approximately 54.32 days, representing a significant elongation in the average payable cycle. Overall, there is a trend toward lengthening the payables period, which may imply improved cash management strategies or potentially increased credit terms negotiated with suppliers.
Peer comparison
May 31, 2025