WS (Worthington Steel) Receivables Turnover : 1.82 (As of Aug. 2024)

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What is Worthington Steel Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Worthington Steel's Revenue for the three months ended in Aug. 2024 was $834 Mil. Worthington Steel's average Accounts Receivable for the three months ended in Aug. 2024 was $458 Mil. Hence, Worthington Steel's Receivables Turnover for the three months ended in Aug. 2024 was 1.82.

Worthington Steel Receivables Turnover Historical Data

The historical data trend for Worthington Steel's Receivables Turnover 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 Receivables Turnover Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Receivables Turnover

5.25

8.09

6.75

7.29

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Receivables Turnover	Get a 7-Day Free Trial						1.88	1.75	1.80	1.94	1.82

Competitive Comparison of Worthington Steel's Receivables Turnover

For the Steel subindustry, Worthington Steel's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Worthington Steel's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Worthington Steel's Receivables Turnover falls into.

Worthington Steel Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Worthington Steel's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

	Receivables Turnover (A: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2024 )	/ (	(Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: May. 2024 ))	/	count )
=	3430.6	/ (	(468	+	472.6)	/	2 )
=	3430.6	/	470.3
=	7.29

Worthington Steel's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	834	/ (	(472.6	+	443.4)	/	2 )
=	834	/	458
=	1.82

Worthington Steel (NYSE:WS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Worthington Steel Receivables Turnover Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Receivables Turnover

Comparable Companies

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.