Worthington Steel Inc (WS)
Number of days of payables
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.86 | 7.19 | 8.77 | — | ||||
| Number of days of payables | days | 46.42 | 50.77 | 41.63 | — |
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 has shown some fluctuation over the recent financial periods. As of May 31, 2024, the company took approximately 46.42 days to pay its payables, which was a decrease from the previous period where it took 50.77 days. This suggests an improvement in the efficiency of managing payables. In comparison to Nov 30, 2023, where the number of days of payables was 41.63 days, there has been a slight increase in payment days.
However, it is notable that data is missing for Aug 31, 2023, which makes it challenging to identify the trend accurately. Further analysis could reveal if this upward trend in payment days is consistent or an anomaly within the company's financial operations. Despite the fluctuation, monitoring this ratio over time can provide insights into how effectively Worthington Steel Inc is managing its payables and its relationships with suppliers.
Peer comparison
May 31, 2024