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Worthington Industries Inc  (WOR)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 

Worthington Industries Inc Accounts Receivables Turnover Ratio from the first quarter 2023 to the first quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Worthington Industries Inc's ability to collect accounts receivable sequentially worsen to 6.71, pointing to a challenging and on top of that deteriorating business climate for the Iron & Steel industry. Average collection period, for Worthington Industries Inc's accounts receivable remained unchanged at 54 days, in the Aug 31 2023 quarter.

If we take a look into Basic Materials sector 140 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Aug 31 2023 from 79 to 2065.

What is Receivable Turnover Ratio?
What is Worthington Industries Inc Selling?


What is Receivable Turnover Ratio?




WOR Receivables Turnover Ratio (Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
(Aug 31 2022)
I. Quarter
Y / Y Receivable Change -14.67 % -19.2 % -16.43 % -5.71 % 13.92 %
Y / Y Revenue Change -15.29 % -19.17 % -19.95 % -4.65 % 26.81 %
Receivable Turnover Ratio (TTM) 6.71 6.73 6.75 6.8 6.78
WOR's Total Ranking # 2065 # 79 # 507 # 1726 # 283
Average receivable collection period 54 54 54 54 54
Seq. Receivable Change 0.78 % -3.21 % 3.06 % -15.11 % -4.57 %
Seq. Revenue Change -2.9 % 11.38 % -6.14 % -16.55 % -7.34 %


Receivable Turnover Company Ranking
Within: No.
Iron & Steel Industry # 17
Basic Materials Sector # 141
Overall Market # 2065

Receivable Turnover Ratio Statistics
High Average Low
16.9 7.44 6.24
(Sep. 30, 2015)   (Aug 31 2021)






Financial Statements
Worthington Industries Inc's Accounts Receivable $ 698 Millions Visit WOR's Balance sheet
Worthington Industries Inc's Sales TTM $ 4,701 Millions Visit WOR's Income Statement
Where are WOR's Sales coming from? Visit WOR's Sales by Geography

Other Accounts Receivable Turnover Ratios
Iron & Steel Industry Accounts Receivable Turnover Trends and Statistics
Basic Materials Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
WOR's Receivable Turnover Ratio versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for WOR's Competitors
Receivables Turnover Ratio for WOR's Suppliers
Accounts Receivables Turnover Ratio for WOR's Customers

You may also want to know
WOR's Growth Rates WOR's Roa WOR's Inventory Turnover Ratio WOR's Dividend Comparisons
WOR's Profitability Ratios WOR's Roi WOR's Asset Turnover Ratio WOR's Dividend Growth
WOR's Valuation Ratios WOR's Roe WOR's Financial Strength Ratios WOR's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Aug 31 2023, within Basic Materials Sector Receivable Turnover Ratio Revenues for 12 Months ending Aug 31 2023 Receivable at quarter ending Aug 31 2023
Xpel Inc   17.53 $ 368.846  Millions$ 21.044  Millions
Boise Cascade Company  16.28 $ 7,161.691  Millions$ 439.973  Millions
American Woodmark Corporation  16.26 $ 1,932.203  Millions$ 118.853  Millions
Louisiana pacific Corporation  15.66 $ 2,458.000  Millions$ 157.000  Millions
Azek Co Inc   15.59 $ 1,370.316  Millions$ 87.903  Millions
Freeport mcmoran Inc   15.52 $ 22,708.000  Millions$ 1,462.750  Millions
Centrus Energy Corp   15.12 $ 342.400  Millions$ 22.650  Millions
Procter and Gamble Co  14.53 $ 83,265.000  Millions$ 5,731.000  Millions
Mp Materials Corp   13.49 $ 305.485  Millions$ 22.643  Millions
Futurefuel Corp   13.18 $ 388.729  Millions$ 29.487  Millions
Church and Dwight Co Inc   13.03 $ 5,775.300  Millions$ 443.275  Millions
Alcoa Corp  12.63 $ 10,619.000  Millions$ 840.750  Millions
Karat Packaging Inc   12.38 $ 401.273  Millions$ 32.421  Millions
Quanex Building Products Corporation  12.15 $ 1,130.583  Millions$ 93.056  Millions
Techprecision Corporation  11.80 $ 33.185  Millions$ 2.813  Millions
Gevo inc   11.67 $ 13.371  Millions$ 1.146  Millions
It Tech Packaging Inc   11.49 $ 86.955  Millions$ 7.565  Millions
Mativ Holdings Inc   11.48 $ 3,178.400  Millions$ 276.750  Millions
Bluelinx Holdings Inc   11.46 $ 3,271.737  Millions$ 285.588  Millions
United States Steel Corp  11.43 $ 18,247.000  Millions$ 1,596.500  Millions
Novelis Inc   11.34 $ 16,796.000  Millions$ 1,480.500  Millions
Clearwater Paper Corporation  11.26 $ 2,096.600  Millions$ 186.175  Millions
Timkensteel Corporation  11.21 $ 1,332.400  Millions$ 118.900  Millions
Pactiv Evergreen Inc   11.10 $ 5,712.000  Millions$ 514.500  Millions
The Clorox Company  11.05 $ 7,035.000  Millions$ 636.750  Millions
Armstrong World Industries Inc   10.82 $ 1,286.500  Millions$ 118.925  Millions
Graphic Packaging Holding Co  10.60 $ 9,565.000  Millions$ 902.000  Millions
Friedman Industries Inc  10.53 $ 504.093  Millions$ 47.885  Millions
Cleveland cliffs Inc   10.21 $ 21,928.000  Millions$ 2,147.000  Millions
Ufp Industries inc   10.14 $ 7,606.640  Millions$ 750.044  Millions

Date modified: 2023-10-05T10:54:17+00:00



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