Worthington Steel Inc (WS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,093,300 | 3,171,400 | 3,289,800 | 3,358,800 | 3,431,528 | 3,408,415 | 3,383,315 | 3,443,715 | 3,611,627 | 3,798,380 |
| Receivables | US$ in thousands | — | 420,700 | 382,100 | 451,000 | 476,800 | 475,000 | 430,100 | 501,836 | 465,800 | 472,317 |
| Receivables turnover | — | 7.54 | 8.61 | 7.45 | 7.20 | 7.18 | 7.87 | 6.86 | 7.75 | 8.04 |
May 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,093,300K ÷ $—K
= —
The receivables turnover ratio for Worthington Steel Inc. exhibits fluctuations over the analyzed period, reflecting variability in the company's efficiency in collecting accounts receivable. As of February 28, 2023, the ratio stood at 8.04, indicating that receivables were collected approximately 8 times annually. This ratio decreased over the subsequent months, reaching a low of 6.86 on August 31, 2023, suggesting a slight decline in collection efficiency or an increase in outstanding receivables.
Between August 2023 and November 2023, the receivables turnover improved to 7.87, signaling a moderation in collection period. The trend continued with a modest decline to 7.18 by February 29, 2024, and remained relatively stable through May 31, 2024, at 7.20. A subsequent increase was observed by August 31, 2024, when the ratio rose to 7.45, implying improved collection efficiency during this period.
The ratio further increased to 8.61 on November 30, 2024, surpassing earlier values and indicating a significant enhancement in the receivables collection process. By February 28, 2025, the ratio was slightly lower at 7.54 but remained substantially higher than the period earlier in 2023. The data for May 31, 2025, is unavailable, precluding further analysis.
Overall, the fluctuations in the receivables turnover ratio suggest periodic variations in collection efficiency, with recent values indicating a trend toward improved management of accounts receivable. The increased ratios in late 2024 may reflect strategic efforts to accelerate collections or changes in credit policies.
Peer comparison
May 31, 2025