WS (Worthington Steel) Change In Receivables : $52 Mil (TTM As of Feb. 2025)

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What is Worthington Steel Change In Receivables?

Worthington Steel's change in receivables for the quarter that ended in Feb. 2025 was $-37 Mil. It means Worthington Steel's Accounts Receivable increased by $37 Mil from Nov. 2024 to Feb. 2025 .

Worthington Steel's change in receivables for the fiscal year that ended in May. 2024 was $-1 Mil. It means Worthington Steel's Accounts Receivable increased by $1 Mil from May. 2023 to May. 2024 .

Worthington Steel's Accounts Receivable for the quarter that ended in Feb. 2025 was $414 Mil.

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 Receivable are being managed. Worthington Steel's Days Sales Outstanding for the three months ended in Feb. 2025 was 54.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Worthington Steel's liquidation value for the three months ended in Feb. 2025 was $-112 Mil.

Worthington Steel Change In Receivables Historical Data

The historical data trend for Worthington Steel's Change In Receivables 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 Change In Receivables Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Change In Receivables

-220.59

-109.70

113.00

-1.40

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Change In Receivables	Get a 7-Day Free Trial								-52.10	-5.80	28.50	66.20	-36.70

Worthington Steel Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $52 Mil.

Worthington Steel (NYSE:WS) Change In Receivables 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 Receivable 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
=	413.8	/	687.4	*	91
=	54.93

2. In Ben Graham's calculation of liquidation value, Worthington Steel's accounts receivable are only considered to be worth 75% of book value:

Worthington Steel's liquidation value for the quarter that ended in Feb. 2025 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	63.3	-	656.6	+	0.75 * 413.8	+	0.5 * 342.3
=	-112

Worthington Steel Change In Receivables Related Terms

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Worthington Steel Business Description

Industry

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Traded in Other Exchanges

Z2J:Germany

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.