Worthington Steel Inc (WS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.72 | 8.51 | 10.01 | 8.20 | 7.86 | 7.22 | 8.46 | 7.50 | 8.27 | 8.70 | |
| Number of days of payables | days | 54.32 | 42.91 | 36.46 | 44.50 | 46.43 | 50.52 | 43.15 | 48.69 | 44.14 | 41.96 |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.72
= 54.32
The analysis of Worthington Steel Inc.'s accounts payable days indicates variability over the examined period. As of February 28, 2023, the company held an average of approximately 41.96 days payable to suppliers. This duration increased modestly by May 31, 2023, to around 44.14 days and further extended to 48.69 days by August 31, 2023, suggesting a trend towards lengthening the payable period during this interval.
Between November 30, 2023, and May 31, 2024, the days payable remained relatively stable, with minor fluctuations, before increasing substantially to 54.32 days by May 31, 2025. The highest reported value within this dataset was 54.32 days on May 31, 2025, implying that the company chose to delay payments to suppliers over this period, potentially to optimize cash flow or manage liquidity.
Conversely, the data indicates a decrease in the days payable toward November 30, 2024, reaching a low point of approximately 36.46 days, which could reflect efforts to improve supplier relations, settle liabilities more promptly, or respond to changes in supplier payment terms.
Overall, the pattern suggests that Worthington Steel Inc. managed its payables with a general tendency to extend payment periods during the middle of the analyzed timeframe, followed by a strategic reduction in late 2024. The fluctuation in days payable may be driven by internal cash management policies, supplier negotiations, or operational considerations.
Peer comparison
May 31, 2025