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Worthington Enterprises (Worthington Enterprises) Days Payable : 104.08 (As of Feb. 2024)


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What is Worthington Enterprises Days Payable?

Worthington Enterprises's average Accounts Payable for the three months ended in Feb. 2024 was $278 Mil. Worthington Enterprises's Cost of Goods Sold for the three months ended in Feb. 2024 was $244 Mil. Hence, Worthington Enterprises's Days Payable for the three months ended in Feb. 2024 was 104.08.

The historical rank and industry rank for Worthington Enterprises's Days Payable or its related term are showing as below:

WOR' s Days Payable Range Over the Past 10 Years
Min: 27.21   Med: 48.37   Max: 58.69
Current: 27.21

During the past 13 years, Worthington Enterprises's highest Days Payable was 58.69. The lowest was 27.21. And the median was 48.37.

WOR's Days Payable is ranked worse than
90.89% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs WOR: 27.21

Worthington Enterprises's Days Payable declined from Feb. 2023 (165.65) to Feb. 2024 (104.08). It may suggest that Worthington Enterprises accelerated paying its suppliers.


Worthington Enterprises Days Payable Historical Data

The historical data trend for Worthington Enterprises's Days Payable 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.

* Premium members only.

Worthington Enterprises Days Payable Chart

Worthington Enterprises Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.25 44.69 58.69 49.82 51.38

Worthington Enterprises Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 165.65 13.53 48.37 46.13 104.08

Competitive Comparison of Worthington Enterprises's Days Payable

For the Metal Fabrication subindustry, Worthington Enterprises's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Worthington Enterprises's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Worthington Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Worthington Enterprises's Days Payable falls into.



Worthington Enterprises Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable (A: May. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2022 ) + Accounts Payable (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (668.438 + 528.92) / 2 ) / 4253.08*365
=598.679 / 4253.08*365
=51.38

Worthington Enterprises's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

Days Payable (Q: Feb. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2023 ) + Accounts Payable (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (447.119 + 108.66) / 2 ) / 243.643*365 / 4
=277.8895 / 243.643*365 / 4
=104.08

* 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 Days Payable Related Terms

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Worthington Enterprises (Worthington Enterprises) Business Description

Traded in Other Exchanges
Address
200 Old Wilson Bridge Road, Columbus, OH, USA, 43085
Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing, Consumer Products, Building Products and Sustainable Energy Solutions.
Executives
Kerrii B Anderson director WENDY'S INTERNATIONAL, INC, 4288 WEST DUBLIN-GRANVILLE RD., DUBLIN OH 43017
Horton Ozey K Jr director 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Geoffrey G Gilmore officer: President, Worthington Steel 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Eric M Smolenski officer: VP-HUMAN RESOURCES 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Catherine M Lyttle officer: Vice President-Communications 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Jeffrey R Klingler officer: President, Worthington Steel 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Mcconnell John P/oh director, officer: Chairman/Chief Exec Officer 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
B Andrew Rose officer: CFO 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Mcconnell John H Ii director 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Patrick J. Kennedy officer: VP-General Counsel & Secy 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
David P Blom director 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Sidney A Ribeau director
Steven R Witt officer: Controller WORTHINGTON INDUSTRIES, INC, 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Steven M Caravati officer: President-Worthington Cylinder WORTHINGTON INDUSTRIES, INC., 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
John B Blystone director 200 OLD WILSON BRIDGE ROAD, N/A, COLUMBUS OH 43085

Worthington Enterprises (Worthington Enterprises) Headlines

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