Worthington Enterprises (Worthington Enterprises) Inventory Turnover : 0.63 (As of Feb. 2024)

Worthington Enterprises Inventory Turnover Chart

Worthington Enterprises Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Inventory Turnover		Get a 7-Day Free Trial					6.99	5.88	5.22	6.84	6.22

Worthington Enterprises Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.43	5.68	1.56	1.54	0.63

Worthington Enterprises Inventory Turnover Calculation

Worthington Enterprises's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

Worthington Enterprises's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Worthington Enterprises  (NYSE:WOR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Worthington Enterprises's Days Inventory for the three months ended in Feb. 2024 is calculated as:

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Worthington Enterprises's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Worthington Enterprises Inventory Turnover Related Terms

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Worthington Enterprises (Worthington Enterprises) Business Description