Worthington Free Cash Flow per Share vs Accounts Payable Analysis

WOR Stock  USD 62.15  0.19  0.31%   
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 Free Cash Flow Per Share and its Accounts Payable 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.

Free Cash Flow Per Share vs Accounts Payable

Free Cash Flow per Share vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Free Cash Flow per Share account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Worthington Industries' Free Cash Flow per Share and Accounts Payable is 0.47. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Accounts Payable 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' Free Cash Flow per Share and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Worthington Industries are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Free Cash Flow per Share i.e., Worthington Industries' Free Cash Flow per Share and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

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.
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.As of 03/28/2024, 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 Profit714.8M663.3M762.8M385.2M
Total Revenue5.2B4.9B5.7B5.9B

Worthington Industries fundamental ratios Correlations

0.920.350.680.970.830.140.960.740.98-0.690.740.96-0.830.960.770.970.640.980.880.98-0.250.950.970.930.96
0.920.340.70.820.840.430.780.540.95-0.610.540.88-0.850.960.750.890.760.970.720.86-0.120.850.930.810.88
0.350.340.460.310.4-0.260.270.610.26-0.230.610.25-0.540.380.430.280.560.360.090.42-0.260.350.360.270.34
0.680.70.460.570.760.40.550.320.65-0.680.320.76-0.790.620.940.570.540.750.450.680.180.760.60.560.62
0.970.820.310.570.77-0.031.00.790.94-0.670.790.92-0.750.90.690.950.540.910.930.97-0.310.910.920.930.93
0.830.840.40.760.770.410.750.440.87-0.510.440.82-0.950.850.880.840.810.840.750.76-0.230.790.840.730.79
0.140.43-0.260.4-0.030.41-0.05-0.520.29-0.09-0.520.26-0.330.250.390.170.350.280.070.00.340.150.210.090.12
0.960.780.270.551.00.75-0.050.780.92-0.670.780.9-0.710.870.670.950.470.880.950.96-0.290.890.90.940.92
0.740.540.610.320.790.44-0.520.780.61-0.51.00.58-0.530.670.380.670.410.650.60.82-0.430.660.680.680.72
0.980.950.260.650.940.870.290.920.61-0.650.610.94-0.850.970.760.980.680.970.890.92-0.230.910.980.920.95
-0.69-0.61-0.23-0.68-0.67-0.51-0.09-0.67-0.5-0.65-0.5-0.650.6-0.62-0.72-0.59-0.19-0.71-0.54-0.7-0.16-0.67-0.62-0.73-0.71
0.740.540.610.320.790.44-0.520.781.00.61-0.50.58-0.530.670.380.670.410.650.60.82-0.430.660.680.680.72
0.960.880.250.760.920.820.260.90.580.94-0.650.58-0.770.890.810.90.610.960.850.94-0.190.980.90.870.87
-0.83-0.85-0.54-0.79-0.75-0.95-0.33-0.71-0.53-0.850.6-0.53-0.77-0.86-0.89-0.81-0.8-0.86-0.64-0.780.2-0.78-0.83-0.72-0.84
0.960.960.380.620.90.850.250.870.670.97-0.620.670.89-0.860.740.950.750.970.810.92-0.330.890.990.90.94
0.770.750.430.940.690.880.390.670.380.76-0.720.380.81-0.890.740.70.60.810.610.74-0.010.80.730.710.74
0.970.890.280.570.950.840.170.950.670.98-0.590.670.9-0.810.950.70.620.930.930.92-0.280.880.970.930.97
0.640.760.560.540.540.810.350.470.410.68-0.190.410.61-0.80.750.60.620.680.410.58-0.390.590.70.450.56
0.980.970.360.750.910.840.280.880.650.97-0.710.650.96-0.860.970.810.930.680.80.95-0.170.950.960.90.94
0.880.720.090.450.930.750.070.950.60.89-0.540.60.85-0.640.810.610.930.410.80.85-0.280.810.860.910.86
0.980.860.420.680.970.760.00.960.820.92-0.70.820.94-0.780.920.740.920.580.950.85-0.270.950.930.910.93
-0.25-0.12-0.260.18-0.31-0.230.34-0.29-0.43-0.23-0.16-0.43-0.190.2-0.33-0.01-0.28-0.39-0.17-0.28-0.27-0.28-0.35-0.29-0.24
0.950.850.350.760.910.790.150.890.660.91-0.670.660.98-0.780.890.80.880.590.950.810.95-0.280.910.880.89
0.970.930.360.60.920.840.210.90.680.98-0.620.680.9-0.830.990.730.970.70.960.860.93-0.350.910.940.96
0.930.810.270.560.930.730.090.940.680.92-0.730.680.87-0.720.90.710.930.450.90.910.91-0.290.880.940.95
0.960.880.340.620.930.790.120.920.720.95-0.710.720.87-0.840.940.740.970.560.940.860.93-0.240.890.960.95
Click cells to compare fundamentals

Worthington Industries Account Relationship Matchups

Worthington Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B3.4B3.6B3.7B4.2B4.4B
Short Long Term Debt Total736.3M747.8M844.4M795.4M914.7M960.4M
Other Current Liab130.2M210.1M88.8M173.0M198.9M100.3M
Total Current Liabilities388.2M787.9M932.3M717.6M825.2M440.7M
Total Stockholder Equity820.8M1.4B1.5B1.7B2.0B2.0B
Property Plant And Equipment Net604.2M550.1M795.1M775.6M892.0M575.1M
Net Debt589.1M107.5M809.9M340.4M391.5M340.7M
Retained Earnings572.3M1.1B1.2B1.4B1.6B1.7B
Cash147.2M640.3M34.5M454.9M523.2M549.3M
Non Current Assets Total1.3B1.4B1.9B1.8B2.0B2.2B
Non Currrent Assets Other(37.0M)(83.2M)(80.7M)(76.1M)(68.5M)(65.1M)
Cash And Short Term Investments147.2M640.3M34.5M454.9M523.2M549.3M
Net Receivables349.4M641.9M878.0M697.1M801.6M841.7M
Common Stock Shares Outstanding56.0M53.9M51.0M48.6M43.7M64.2M
Liabilities And Stockholders Equity2.3B3.4B3.6B3.7B4.2B4.4B
Non Current Liabilities Total976.8M1.0B1.1B1.1B1.3B1.3B
Inventory405.1M564.8M759.1M608.0M699.2M355.0M
Other Current Assets68.5M69.0M93.7M105.0M120.7M126.7M
Other Stockholder Equity283.8M282.8M273.4M290.8M334.4M262.8M
Total Liab1.4B1.8B2.0B1.8B2.1B2.2B
Property Plant And Equipment Gross604.2M550.1M1.6B1.8B2.0B2.1B
Total Current Assets983.2M2.0B1.8B1.9B2.1B2.3B
Accumulated Other Comprehensive Income(35.2M)45.4M(22.9M)(23.2M)(26.7M)(28.0M)
Short Term Debt11M10.4M59.9M15.7M18.0M17.1M
Accounts Payable247.0M567.4M668.4M528.9M608.3M638.7M
Good Will321.4M351.1M401.5M414.8M477.0M500.9M
Intangible Assets184.4M240.4M299.0M314.2M361.4M379.4M
Other Liab247.9M296.2M312.3M332.0M381.8M400.9M
Other Assets1K30.6M34.4M25.3M22.8M21.3M
Long Term Debt699.5M710.0M696.3M689.7M793.2M468.1M
Property Plant Equipment572.6M550.1M795.1M775.6M698.1M477.9M
Common Stock820.8M1.4B1.5B1.7B2.0B2.0B
Net Tangible Assets315.0M806.8M780.3M967.0M1.1B586.6M
Noncontrolling Interest In Consolidated Entity117.1M145.6M153.5M133.2M153.2M114.0M
Retained Earnings Total Equity591.5M572.3M1.1B1.2B1.4B736.2M
Long Term Debt Total699.5M710.0M696.3M689.7M793.2M621.3M

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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:
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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
3.8
Revenue Per Share
97.839
Quarterly Revenue Growth
(0.71)
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.