The historical rank and industry rank for Worthington Steel's Days Inventory or its related term are showing as below:
WS'
s Days Inventory Range Over the Past 10 Years
Min: 50.3 Med: 54.91 Max: 92.04
Current: 51.28
During the past 3 years, Worthington Steel's highest Days Inventory was 92.04. The lowest was 50.30. And the median was 54.91.
WS's Days Inventory is ranked better than 74.43% of 575
companies
in the Steel industry
Industry Median: 85.74
vs WS: 51.28
Worthington Steel's Days Inventory
increased
from Feb. 2023 (0.00) to Feb. 2024 (52.03).
It might indicate that Worthington Steel's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Worthington Steel's Inventory Turnover for the
three
months ended in Feb. 2024 was 1.75.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Worthington Steel's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.49.
Worthington Steel Days Inventory Historical Data
The historical data trend for Worthington Steel's Days Inventory 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.
Competitive Comparison of Worthington Steel's Days Inventory
For the Steel subindustry, Worthington Steel's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Worthington Steel's Days Inventory distribution charts can be found below:
* The bar in red indicates where Worthington Steel's Days Inventory falls into.
Worthington Steel Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Worthington Steel's Days Inventory for the fiscal year that ended in May. 2023 is calculated as
* 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 Steel (NYSE:WS) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Worthington Steel's Inventory Turnover for the
three
months ended in Feb. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Worthington Steel's Inventory to Revenue for the
three
months ended in Feb. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Worthington Steel Days Inventory Related Terms
Thank you for viewing the detailed overview of Worthington Steel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Worthington Steel (Worthington Steel) Business Description
Worthington Steel Inc is one of North America's premier value-added steel processors with the ability to provide a diversified range of products and services that span a variety of end markets. It maintains market-leading positions in the North American carbon flat-rolled steel and tailor-welded blanks industries.
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