Worthington Steel Inc (WS)
Number of days of payables
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Payables turnover | 7.86 | — | — | — | |
| Number of days of payables | days | 46.42 | — | — | — |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.86
= 46.42
The number of days of payables for Worthington Steel Inc as of May 31, 2024, stands at 46.42 days. This metric indicates the average number of days the company takes to pay its suppliers and vendors. It is essential in understanding the efficiency of the company's working capital management. A lower number of days of payables suggests that the company is managing its payables well and may have a strong bargaining position with suppliers. Monitoring this metric over time can provide insights into the company's liquidity and financial health. However, without historical data for comparison from August 31, 2023, and previous years, it is challenging to assess the trend and make further conclusions regarding the company's payables management strategy.
Peer comparison
May 31, 2024