Worthington Steel Inc (WS)
Receivables turnover
| May 31, 2025 | May 31, 2024 | Aug 31, 2023 | May 31, 2023 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,093,300 | 3,430,600 | 3,611,590 | 3,611,590 | 4,068,930 |
| Receivables | US$ in thousands | 438,800 | 476,800 | — | 465,800 | — |
| Receivables turnover | 7.05 | 7.20 | — | 7.75 | — |
May 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,093,300K ÷ $438,800K
= 7.05
The receivables turnover ratio for Worthington Steel Inc. demonstrates fluctuations over the analyzed period, indicating changes in the company's efficiency in collecting receivables. As of May 31, 2023, the receivables turnover stood at 7.75, suggesting that the company was able to collect its receivables approximately 7.75 times during the year. This indicates a relatively efficient collection cycle.
By May 31, 2024, the ratio slightly declined to 7.20, implying a marginal elongation in the receivables collection period. Despite this decrease, the ratio remains within a comparable range, reflecting consistent collection performance with slight variation.
The most recent data point on May 31, 2025, shows a further slight decrease to 7.05. This continued downward trend suggests a modest extension in the average days receivables are outstanding, which could be attributed to either changes in credit policy, customer payment behavior, or market conditions.
Notably, no data is provided for August 31, 2022, and August 31, 2023, indicating no available information for those dates or possibly no significant activity during those periods. Overall, the company's receivables turnover has exhibited stability with minor declines over the recent periods, reflecting a consistent but slightly less efficient receivables collection process compared to earlier periods.
Peer comparison
May 31, 2025