Worthington Steel (FRA:Z2J) Accounts Receivable : €397 Mil (As of Feb. 2025)

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What is Worthington Steel Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Worthington Steel's accounts receivables for the quarter that ended in Feb. 2025 was €397 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Worthington Steel's Days Sales Outstanding for the quarter that ended in Feb. 2025 was 54.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Worthington Steel's Net-Net Working Capital per share for the quarter that ended in Feb. 2025 was €-4.70.

Worthington Steel Accounts Receivable Historical Data

The historical data trend for Worthington Steel's Accounts Receivable 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 Receivable Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Accounts Receivable

333.36

568.00

430.56

437.16

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Accounts Receivable	Get a 7-Day Free Trial								434.58	437.16	402.16	351.27	397.25

Worthington Steel Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Worthington Steel Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Worthington Steel's Days Sales Outstanding for the quarter that ended in Feb. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	397.248	/	659.904	*	91
=	54.93

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Worthington Steel's accounts receivable are only considered to be worth 75% of book value:

Worthington Steel's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2025 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(60.768	+	0.75 * 397.248	+	0.5 * 328.608	-	630.336
-	0	-	125.568)	/	49.535
=	-4.70

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Worthington Steel Accounts Receivable Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (FRA:Z2J) » Definitions » Accounts Receivable

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Traded in Other Exchanges

WS:USA

Address

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

Website

https://www.worthingtonsteel.com

Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.

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