Worthington Enterprises (FRA:WTH) Days Payable : 41.26 (As of Aug. 2024)

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What is Worthington Enterprises Days Payable?

Worthington Enterprises's average Accounts Payable for the three months ended in Aug. 2024 was €80 Mil. Worthington Enterprises's Cost of Goods Sold for the three months ended in Aug. 2024 was €177 Mil. Hence, Worthington Enterprises's Days Payable for the three months ended in Aug. 2024 was 41.26.

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

FRA:WTH' s Days Payable Range Over the Past 10 Years
Min: 39.23 Med: 48.37 Max: 229.77
Current: 55.89

During the past 13 years, Worthington Enterprises's highest Days Payable was 229.77. The lowest was 39.23. And the median was 48.37.

FRA:WTH's Days Payable is ranked worse than
65.07% of 2929 companies
in the Industrial Products industry
Industry Median: 75.78 vs FRA:WTH: 55.89

Worthington Enterprises's Days Payable declined from Aug. 2023 (123.12) to Aug. 2024 (41.26). 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.

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Worthington Enterprises Days Payable Chart

Worthington Enterprises Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Days Payable

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44.00

60.73

216.05

135.69

41.35

Worthington Enterprises Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Payable	Get a 7-Day Free Trial															123.12	45.94	103.81	38.15	41.26

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. 2024 is calculated as

	Days Payable (A: May. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2023 )	+	Accounts Payable (A: May. 2024 ))	/	count )	/	Cost of Goods Sold (A: May. 2024 )	*	Days in Period
=	( (116.604	+	84.735)	/	2 )	/	888.632	*	365
=	100.6695					/	888.632	*	365
=	41.35

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

	Days Payable (Q: Aug. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2024 )	+	Accounts Payable (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (84.735	+	75.071)	/	2 )	/	176.695	*	365 / 4
=	79.903					/	176.695	*	365 / 4
=	41.26

Worthington Enterprises Days Payable Related Terms

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Worthington Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Worthington Enterprises Inc (FRA:WTH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WOR:USA WTH:Germany

Address

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

Website

https://www.worthingtonindustries.com

Worthington Enterprises Inc is a designer and manufacturer of products sold to consumers, through retail channels, in the tools, outdoor living and celebrations market categories as well as a wide array of specialized building products that serve customers in the residential and non-residential construction markets, including ceiling suspension systems and light gauge metal framing products, as well as wholly-owned and consolidated operations that produce pressurized containment solutions for heating, cooking and cooling applications, among others. It operates under two reportable operating segments: Consumer Products and Building Products. It derives majority of the revenue from Building Products segment.

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