Worthington Steel Inc (WS)
Payables turnover
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,704,700 | 2,990,800 | 3,271,180 | 3,271,180 | 3,673,470 |
| Payables | US$ in thousands | 402,500 | 380,400 | — | 392,500 | — |
| Payables turnover | 6.72 | 7.86 | — | 8.33 | — |
May 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,704,700K ÷ $402,500K
= 6.72
The payables turnover ratio for Worthington Steel Inc. has experienced fluctuations over the period under review. As of August 31, 2022, there is no reported data for the ratio. By May 31, 2023, the payables turnover ratio was recorded at 8.33, indicating the company paid its accounts payable approximately 8.33 times during that fiscal period, reflecting a relatively brisk payment cycle. Moving forward, data for August 31, 2023, again shows no available figure. As of May 31, 2024, the ratio slightly declined to 7.86, suggesting a marginal lengthening in the average payment period to suppliers. The most recent data point, as of May 31, 2025, indicates a further decrease to 6.72, representing a continued trend toward a slower turnover of accounts payable. Overall, these figures illustrate a gradual elongation in the company's payments to its suppliers over the analyzed period, hinting at a possible strategic change in payment practices or a shift in cash management policy.
Peer comparison
May 31, 2025