Worthington Accounts Payable vs Receivables Turnover Analysis

WOR Stock

USD 57.22 0.89 1.53%

Worthington Industries financial indicator trend analysis is more than just analyzing Worthington Industries current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Industries is a good investment. Please check the relationship between Worthington Industries Accounts Payable and its Receivables Turnover accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.

Accounts Payable vs Receivables Turnover

Accounts Payable vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Accounts Payable account and Receivables Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Worthington Industries' Accounts Payable and Receivables Turnover is -0.06. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Receivables Turnover in the same time period over historical financial statements of Worthington Industries, assuming nothing else is changed. The correlation between historical values of Worthington Industries' Accounts Payable and Receivables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Worthington Industries are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Accounts Payable i.e., Worthington Industries' Accounts Payable and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Worthington Industries obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Worthington Industries are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Receivables Turnover

Most indicators from Worthington Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.At this time, Worthington Industries' Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/18/2024, Enterprise Value Multiple is likely to grow to 6.55, while Selling General Administrative is likely to drop slightly above 252.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	714.8M	663.3M	762.8M	385.2M
Total Revenue	5.2B	4.9B	5.7B	5.9B

Gross Profit Total Revenue

Worthington Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Other Liab
Total Assets		0.92	0.35	0.68	0.97	0.83	0.14	0.96	0.74	0.98	-0.69	0.74	0.96	-0.83	0.96	0.77	0.97	0.64	0.98	0.88	0.98	-0.25	0.95	0.97	0.93	0.96
Short Long Term Debt Total	0.92		0.34	0.7	0.82	0.84	0.43	0.78	0.54	0.95	-0.61	0.54	0.88	-0.86	0.96	0.75	0.89	0.76	0.97	0.72	0.86	-0.12	0.85	0.93	0.81	0.88
Other Current Liab	0.35	0.34		0.46	0.31	0.4	-0.26	0.27	0.61	0.26	-0.23	0.61	0.25	-0.53	0.38	0.43	0.28	0.56	0.36	0.09	0.42	-0.26	0.35	0.36	0.27	0.34
Total Current Liabilities	0.68	0.7	0.46		0.57	0.76	0.4	0.55	0.32	0.65	-0.68	0.32	0.76	-0.79	0.62	0.94	0.57	0.54	0.75	0.45	0.68	0.18	0.76	0.6	0.56	0.62
Total Stockholder Equity	0.97	0.82	0.31	0.57		0.77	-0.03	1.0	0.79	0.94	-0.67	0.79	0.92	-0.74	0.9	0.69	0.95	0.54	0.91	0.93	0.97	-0.31	0.91	0.92	0.93	0.93
Property Plant And Equipment Net	0.83	0.84	0.4	0.76	0.77		0.41	0.75	0.44	0.87	-0.51	0.44	0.82	-0.94	0.85	0.88	0.84	0.81	0.84	0.75	0.76	-0.23	0.79	0.84	0.73	0.79
Net Debt	0.14	0.43	-0.26	0.4	-0.03	0.41		-0.05	-0.52	0.29	-0.09	-0.52	0.26	-0.34	0.25	0.39	0.17	0.35	0.28	0.07	0.0	0.34	0.15	0.21	0.09	0.12
Retained Earnings	0.96	0.78	0.27	0.55	1.0	0.75	-0.05		0.78	0.92	-0.67	0.78	0.9	-0.71	0.87	0.67	0.95	0.47	0.88	0.95	0.96	-0.29	0.89	0.9	0.94	0.92
Cash	0.74	0.54	0.61	0.32	0.79	0.44	-0.52	0.78		0.61	-0.5	1.0	0.58	-0.53	0.67	0.38	0.67	0.41	0.65	0.6	0.82	-0.43	0.66	0.68	0.68	0.72
Non Current Assets Total	0.98	0.95	0.26	0.65	0.94	0.87	0.29	0.92	0.61		-0.65	0.61	0.94	-0.85	0.97	0.76	0.98	0.68	0.97	0.89	0.92	-0.23	0.91	0.98	0.92	0.95
Non Currrent Assets Other	-0.69	-0.61	-0.23	-0.68	-0.67	-0.51	-0.09	-0.67	-0.5	-0.65		-0.5	-0.65	0.6	-0.62	-0.72	-0.59	-0.19	-0.71	-0.54	-0.7	-0.16	-0.67	-0.62	-0.73	-0.71
Cash And Short Term Investments	0.74	0.54	0.61	0.32	0.79	0.44	-0.52	0.78	1.0	0.61	-0.5		0.58	-0.53	0.67	0.38	0.67	0.41	0.65	0.6	0.82	-0.43	0.66	0.68	0.68	0.72
Net Receivables	0.96	0.88	0.25	0.76	0.92	0.82	0.26	0.9	0.58	0.94	-0.65	0.58		-0.77	0.89	0.81	0.9	0.61	0.96	0.85	0.94	-0.19	0.98	0.9	0.87	0.87
Common Stock Shares Outstanding	-0.83	-0.86	-0.53	-0.79	-0.74	-0.94	-0.34	-0.71	-0.53	-0.85	0.6	-0.53	-0.77		-0.86	-0.89	-0.81	-0.8	-0.86	-0.64	-0.78	0.2	-0.78	-0.83	-0.72	-0.84
Non Current Liabilities Total	0.96	0.96	0.38	0.62	0.9	0.85	0.25	0.87	0.67	0.97	-0.62	0.67	0.89	-0.86		0.74	0.95	0.75	0.97	0.81	0.92	-0.33	0.89	0.99	0.9	0.94
Inventory	0.77	0.75	0.43	0.94	0.69	0.88	0.39	0.67	0.38	0.76	-0.72	0.38	0.81	-0.89	0.74		0.7	0.6	0.81	0.61	0.74	-0.01	0.8	0.73	0.71	0.74
Other Current Assets	0.97	0.89	0.28	0.57	0.95	0.84	0.17	0.95	0.67	0.98	-0.59	0.67	0.9	-0.81	0.95	0.7		0.62	0.93	0.93	0.92	-0.28	0.88	0.97	0.93	0.97
Other Stockholder Equity	0.64	0.76	0.56	0.54	0.54	0.81	0.35	0.47	0.41	0.68	-0.19	0.41	0.61	-0.8	0.75	0.6	0.62		0.68	0.41	0.58	-0.39	0.59	0.7	0.45	0.56
Total Liab	0.98	0.97	0.36	0.75	0.91	0.84	0.28	0.88	0.65	0.97	-0.71	0.65	0.96	-0.86	0.97	0.81	0.93	0.68		0.8	0.95	-0.17	0.95	0.96	0.9	0.94
Property Plant And Equipment Gross	0.88	0.72	0.09	0.45	0.93	0.75	0.07	0.95	0.6	0.89	-0.54	0.6	0.85	-0.64	0.81	0.61	0.93	0.41	0.8		0.85	-0.28	0.81	0.86	0.91	0.86
Total Current Assets	0.98	0.86	0.42	0.68	0.97	0.76	0.0	0.96	0.82	0.92	-0.7	0.82	0.94	-0.78	0.92	0.74	0.92	0.58	0.95	0.85		-0.27	0.95	0.93	0.91	0.93
Short Term Debt	-0.25	-0.12	-0.26	0.18	-0.31	-0.23	0.34	-0.29	-0.43	-0.23	-0.16	-0.43	-0.19	0.2	-0.33	-0.01	-0.28	-0.39	-0.17	-0.28	-0.27		-0.28	-0.35	-0.29	-0.24
Accounts Payable	0.95	0.85	0.35	0.76	0.91	0.79	0.15	0.89	0.66	0.91	-0.67	0.66	0.98	-0.78	0.89	0.8	0.88	0.59	0.95	0.81	0.95	-0.28		0.91	0.88	0.89
Good Will	0.97	0.93	0.36	0.6	0.92	0.84	0.21	0.9	0.68	0.98	-0.62	0.68	0.9	-0.83	0.99	0.73	0.97	0.7	0.96	0.86	0.93	-0.35	0.91		0.94	0.96
Intangible Assets	0.93	0.81	0.27	0.56	0.93	0.73	0.09	0.94	0.68	0.92	-0.73	0.68	0.87	-0.72	0.9	0.71	0.93	0.45	0.9	0.91	0.91	-0.29	0.88	0.94		0.95
Other Liab	0.96	0.88	0.34	0.62	0.93	0.79	0.12	0.92	0.72	0.95	-0.71	0.72	0.87	-0.84	0.94	0.74	0.97	0.56	0.94	0.86	0.93	-0.24	0.89	0.96	0.95

Click cells to compare fundamentals

Worthington Industries Account Relationship Matchups

Worthington Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.4B	3.6B	3.7B	4.2B	4.4B
Short Long Term Debt Total	736.3M	747.8M	844.4M	795.4M	914.7M	960.4M
Other Current Liab	130.2M	210.1M	88.8M	173.0M	198.9M	100.3M
Total Current Liabilities	388.2M	787.9M	932.3M	717.6M	825.2M	440.7M
Total Stockholder Equity	820.8M	1.4B	1.5B	1.7B	2.0B	2.0B
Property Plant And Equipment Net	604.2M	550.1M	795.1M	775.6M	892.0M	575.1M
Net Debt	589.1M	107.5M	809.9M	340.4M	391.5M	340.7M
Retained Earnings	572.3M	1.1B	1.2B	1.4B	1.6B	1.7B
Cash	147.2M	640.3M	34.5M	454.9M	523.2M	549.3M
Non Current Assets Total	1.3B	1.4B	1.9B	1.8B	2.0B	2.2B
Non Currrent Assets Other	(37.0M)	(83.2M)	(80.7M)	(76.1M)	(68.5M)	(65.1M)
Cash And Short Term Investments	147.2M	640.3M	34.5M	454.9M	523.2M	549.3M
Net Receivables	349.4M	641.9M	878.0M	697.1M	801.6M	841.7M
Common Stock Shares Outstanding	56.0M	53.9M	51.0M	49.4M	44.4M	64.2M
Liabilities And Stockholders Equity	2.3B	3.4B	3.6B	3.7B	4.2B	4.4B
Non Current Liabilities Total	976.8M	1.0B	1.1B	1.1B	1.3B	1.3B
Inventory	405.1M	564.8M	759.1M	608.0M	699.2M	355.0M
Other Current Assets	68.5M	69.0M	93.7M	105.0M	120.7M	126.7M
Other Stockholder Equity	283.8M	282.8M	273.4M	290.8M	334.4M	262.8M
Total Liab	1.4B	1.8B	2.0B	1.8B	2.1B	2.2B
Property Plant And Equipment Gross	604.2M	550.1M	1.6B	1.8B	2.0B	2.1B
Total Current Assets	983.2M	2.0B	1.8B	1.9B	2.1B	2.3B
Accumulated Other Comprehensive Income	(35.2M)	45.4M	(22.9M)	(23.2M)	(26.7M)	(28.0M)
Short Term Debt	11M	10.4M	59.9M	15.7M	18.0M	17.1M
Accounts Payable	247.0M	567.4M	668.4M	528.9M	608.3M	638.7M
Good Will	321.4M	351.1M	401.5M	414.8M	477.0M	500.9M
Intangible Assets	184.4M	240.4M	299.0M	314.2M	361.4M	379.4M
Other Liab	247.9M	296.2M	312.3M	332.0M	381.8M	400.9M
Other Assets	1K	30.6M	34.4M	25.3M	22.8M	21.3M
Long Term Debt	699.5M	710.0M	696.3M	689.7M	793.2M	468.1M
Property Plant Equipment	572.6M	550.1M	795.1M	775.6M	698.1M	477.9M
Common Stock	820.8M	1.4B	1.5B	1.7B	2.0B	2.0B
Net Tangible Assets	315.0M	806.8M	780.3M	967.0M	1.1B	586.6M
Noncontrolling Interest In Consolidated Entity	117.1M	145.6M	153.5M	133.2M	153.2M	114.0M
Retained Earnings Total Equity	591.5M	572.3M	1.1B	1.2B	1.4B	736.2M
Long Term Debt Total	699.5M	710.0M	696.3M	689.7M	793.2M	621.3M

Worthington Industries Investors Sentiment

The influence of Worthington Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Worthington. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Worthington Industries' public news can be used to forecast risks associated with an investment in Worthington. The trend in average sentiment can be used to explain how an investor holding Worthington can time the market purely based on public headlines and social activities around Worthington Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Worthington Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Worthington Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Worthington Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Worthington Industries.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Worthington Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Worthington Industries' short interest history, or implied volatility extrapolated from Worthington Industries options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

BAC	Bank of America
DD	Dupont De Nemours
F	Ford Motor

When determining whether Worthington Industries is a strong investment it is important to analyze Worthington Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Worthington Industries' future performance. For an informed investment choice regarding Worthington Stock, refer to the following important reports:

How To Invest In Worthington

Details

Is Worthington Stock a good investment?

Details

What is Worthington Industries' Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Metal Fabrication Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Worthington Stock analysis

When running Worthington Industries' price analysis, check to measure Worthington Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.

	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	CEOs Directory Screen CEOs from public companies around the world
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals

Is Worthington Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worthington Industries. If investors know Worthington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worthington Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.53)

Dividend Share

1.11

Earnings Share

4.99

Revenue Per Share

97.839

Quarterly Revenue Growth

(0.09)

The market value of Worthington Industries is measured differently than its book value, which is the value of Worthington that is recorded on the company's balance sheet. Investors also form their own opinion of Worthington Industries' value that differs from its market value or its book value, called intrinsic value, which is Worthington Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Worthington Industries' market value can be influenced by many factors that don't directly affect Worthington Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Worthington Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Worthington Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worthington Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Worthington Accounts Payable vs Receivables Turnover Analysis

Accounts Payable vs Receivables Turnover

Accounts Payable vs Receivables Turnover Correlation Analysis

Correlation Coefficient

Accounts Payable

Receivables Turnover

Worthington Industries fundamental ratios Correlations

Worthington Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Worthington Industries fundamental ratios Accounts

Worthington Industries Investors Sentiment

Also Currently Popular

Complementary Tools for Worthington Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.94	Property Plant And Equipment Net
Inventory	- 0.89	Common Stock Shares Outstanding
Total Liab	- 0.86	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.86	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.86	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.85	Non Current Assets Total