Worthington Steel (Worthington Steel) Accounts Payable & Accrued Expense : $492 Mil (As of Feb. 2024)

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What is Worthington Steel Accounts Payable & Accrued Expense?

Worthington Steel's quarterly accounts payable & accrued expense declined from Aug. 2023 ($457 Mil) to Nov. 2023 ($395 Mil) but then increased from Nov. 2023 ($395 Mil) to Feb. 2024 ($492 Mil).

Worthington Steel's annual accounts payable & accrued expense increased from May. 2021 ($503 Mil) to May. 2022 ($589 Mil) but then declined from May. 2022 ($589 Mil) to May. 2023 ($450 Mil).

Worthington Steel Accounts Payable & Accrued Expense Historical Data

The historical data trend for Worthington Steel's Accounts Payable & Accrued Expense can be seen below:

* 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.

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Worthington Steel Accounts Payable & Accrued Expense Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

Accounts Payable & Accrued Expense

503.17

589.31

449.65

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				-	449.65	456.63	394.50	491.50

Worthington Steel Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Worthington Steel (Worthington Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

Z2J:Germany

Address

100 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonindustries.com

Worthington Steel Inc is one of North America's premier value-added steel processors with the ability to provide a diversified range of products and services that span a variety of end markets. It maintains market-leading positions in the North American carbon flat-rolled steel and tailor-welded blanks industries.

Worthington Steel (Worthington Steel) Headlines

From GuruFocus

Worthington Steel Declares Quarterly Dividend

By Business Wire • 12-20-2023

Worthington Steel Inc Reports Mixed Fiscal Q2 2024 Results Amidst Market Challenges

By GuruFocus Research • 12-22-2023

Worthington Steel to Webcast Discussion of Second Quarter 2024 Results on December 22

By Business Wire • 12-04-2023