Worthington Industries Stock Working Capital

WOR Stock

USD 40.92 0.29 0.71%

Worthington Industries fundamentals help investors to digest information that contributes to Worthington Industries' financial success or failures. It also enables traders to predict the movement of Worthington Stock. The fundamental analysis module provides a way to measure Worthington Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Worthington Industries stock.

	Last Reported	Projected for Next Year
Net Working Capital	495.5 M	826 M
Change In Working Capital	-9.3 M	-9.8 M

As of 12/01/2024, Net Working Capital is likely to grow to about 826 M, while Change In Working Capital is likely to drop (9.8 M).

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Worthington Industries Company Working Capital Analysis

Worthington Industries' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Worthington Industries Working Capital

495.52 M

Most of Worthington Industries' fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Worthington Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Worthington Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Worthington Industries is extremely important. It helps to project a fair market value of Worthington Stock properly, considering its historical fundamentals such as Working Capital. Since Worthington Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Worthington Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Worthington Industries' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Common Stock	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital
Total Assets		0.94	0.42	0.92	0.65	0.98	0.97	-0.07	0.65	0.87	0.8	0.75	0.05	0.3	0.36	0.41	0.26	0.61	0.43	0.28	0.44	-0.68	-0.49	0.74	0.02	0.6
Total Stockholder Equity	0.94		0.17	0.99	0.46	0.85	0.93	-0.19	0.45	0.85	0.85	0.6	0.2	0.19	0.54	0.51	0.55	0.62	0.45	0.47	0.43	-0.71	-0.49	0.78	0.25	0.71
Net Debt	0.42	0.17		0.15	0.61	0.57	0.28	0.38	0.59	0.35	0.19	0.45	-0.15	0.17	-0.36	-0.2	-0.53	0.11	0.04	-0.32	0.27	-0.03	-0.06	0.04	-0.73	-0.27
Retained Earnings	0.92	0.99	0.15		0.42	0.82	0.91	-0.17	0.41	0.8	0.85	0.56	0.27	0.22	0.56	0.52	0.56	0.53	0.35	0.5	0.53	-0.69	-0.43	0.85	0.22	0.76
Net Receivables	0.65	0.46	0.61	0.42		0.74	0.64	0.15	0.96	0.47	0.33	0.56	-0.18	0.35	-0.04	0.03	-0.16	0.33	0.21	-0.08	0.44	-0.29	-0.26	0.35	-0.36	0.16
Total Liab	0.98	0.85	0.57	0.82	0.74		0.94	0.04	0.74	0.83	0.73	0.78	-0.05	0.34	0.23	0.33	0.06	0.56	0.37	0.16	0.43	-0.62	-0.44	0.66	-0.13	0.48
Total Current Assets	0.97	0.93	0.28	0.91	0.64	0.94		-0.08	0.66	0.79	0.75	0.72	0.06	0.31	0.35	0.37	0.31	0.53	0.34	0.3	0.45	-0.62	-0.42	0.78	0.15	0.71
Short Term Debt	-0.07	-0.19	0.38	-0.17	0.15	0.04	-0.08		0.09	-0.27	-0.21	-0.43	-0.48	-0.03	-0.33	-0.26	-0.37	-0.55	-0.53	-0.05	0.12	0.46	0.59	-0.2	-0.21	-0.24
Accounts Payable	0.65	0.45	0.59	0.41	0.96	0.74	0.66	0.09		0.49	0.35	0.63	-0.04	0.46	-0.12	-0.01	-0.15	0.32	0.14	-0.03	0.41	-0.29	-0.24	0.33	-0.32	0.17
Good Will	0.87	0.85	0.35	0.8	0.47	0.83	0.79	-0.27	0.49		0.9	0.7	0.2	0.31	0.54	0.6	0.37	0.86	0.69	0.4	0.16	-0.84	-0.67	0.51	0.03	0.33
Intangible Assets	0.8	0.85	0.19	0.85	0.33	0.73	0.75	-0.21	0.35	0.9		0.53	0.37	0.37	0.69	0.7	0.52	0.7	0.42	0.7	0.38	-0.8	-0.45	0.67	0.11	0.49
Long Term Debt	0.75	0.6	0.45	0.56	0.56	0.78	0.72	-0.43	0.63	0.7	0.53		0.13	0.38	0.1	0.22	-0.12	0.64	0.45	-0.1	0.24	-0.61	-0.6	0.55	-0.21	0.38
Property Plant Equipment	0.05	0.2	-0.15	0.27	-0.18	-0.05	0.06	-0.48	-0.04	0.2	0.37	0.13		0.32	0.32	0.26	0.53	0.12	-0.05	0.44	0.27	-0.29	-0.14	0.3	0.0	0.19
Current Deferred Revenue	0.3	0.19	0.17	0.22	0.35	0.34	0.31	-0.03	0.46	0.31	0.37	0.38	0.32		0.3	0.52	-0.04	0.16	-0.11	0.36	0.38	-0.46	-0.15	0.29	-0.2	0.14
Common Stock	0.36	0.54	-0.36	0.56	-0.04	0.23	0.35	-0.33	-0.12	0.54	0.69	0.1	0.32	0.3		0.94	0.69	0.58	0.44	0.71	0.2	-0.79	-0.5	0.5	0.34	0.43
Short Term Investments	0.41	0.51	-0.2	0.52	0.03	0.33	0.37	-0.26	-0.01	0.6	0.7	0.22	0.26	0.52	0.94		0.5	0.61	0.44	0.65	0.18	-0.86	-0.53	0.45	0.19	0.31
Net Tangible Assets	0.26	0.55	-0.53	0.56	-0.16	0.06	0.31	-0.37	-0.15	0.37	0.52	-0.12	0.53	-0.04	0.69	0.5		0.37	0.31	0.71	0.08	-0.41	-0.27	0.35	0.65	0.49
Long Term Debt Total	0.61	0.62	0.11	0.53	0.33	0.56	0.53	-0.55	0.32	0.86	0.7	0.64	0.12	0.16	0.58	0.61	0.37		0.9	0.24	-0.15	-0.82	-0.83	0.28	0.12	0.17
Capital Surpluse	0.43	0.45	0.04	0.35	0.21	0.37	0.34	-0.53	0.14	0.69	0.42	0.45	-0.05	-0.11	0.44	0.44	0.31	0.9		-0.02	-0.36	-0.65	-0.84	0.06	0.16	0.01
Deferred Long Term Liab	0.28	0.47	-0.32	0.5	-0.08	0.16	0.3	-0.05	-0.03	0.4	0.7	-0.1	0.44	0.36	0.71	0.65	0.71	0.24	-0.02		0.3	-0.45	0.06	0.38	0.37	0.37
Long Term Investments	0.44	0.43	0.27	0.53	0.44	0.43	0.45	0.12	0.41	0.16	0.38	0.24	0.27	0.38	0.2	0.18	0.08	-0.15	-0.36	0.3		-0.25	0.06	0.75	-0.33	0.51
Accumulated Depreciation	-0.68	-0.71	-0.03	-0.69	-0.29	-0.62	-0.62	0.46	-0.29	-0.84	-0.8	-0.61	-0.29	-0.46	-0.79	-0.86	-0.41	-0.82	-0.65	-0.45	-0.25		0.78	-0.59	-0.04	-0.38
Short Long Term Debt	-0.49	-0.49	-0.06	-0.43	-0.26	-0.44	-0.42	0.59	-0.24	-0.67	-0.45	-0.6	-0.14	-0.15	-0.5	-0.53	-0.27	-0.83	-0.84	0.06	0.06	0.78		-0.3	-0.08	-0.2
Net Invested Capital	0.74	0.78	0.04	0.85	0.35	0.66	0.78	-0.2	0.33	0.51	0.67	0.55	0.3	0.29	0.5	0.45	0.35	0.28	0.06	0.38	0.75	-0.59	-0.3		0.09	0.87
Cash And Equivalents	0.02	0.25	-0.73	0.22	-0.36	-0.13	0.15	-0.21	-0.32	0.03	0.11	-0.21	0.0	-0.2	0.34	0.19	0.65	0.12	0.16	0.37	-0.33	-0.04	-0.08	0.09		0.52
Net Working Capital	0.6	0.71	-0.27	0.76	0.16	0.48	0.71	-0.24	0.17	0.33	0.49	0.38	0.19	0.14	0.43	0.31	0.49	0.17	0.01	0.37	0.51	-0.38	-0.2	0.87	0.52

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict Worthington Industries

Working Capital Over Time

Worthington Capital Surpluse

Capital Surpluse

294.66 Million

At this time, Worthington Industries' Capital Surpluse is relatively stable compared to the past year.

As per the company's disclosures, Worthington Industries has a Working Capital of 495.52 M. This is 53.78% higher than that of the Metals & Mining sector and 65.0% higher than that of the Materials industry. The working capital for all United States stocks is 66.48% higher than that of the company.

Worthington Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Worthington Industries' direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Worthington Industries could also be used in its relative valuation, which is a method of valuing Worthington Industries by comparing valuation metrics of similar companies.

Worthington Industries is currently under evaluation in working capital category among its peers.

Worthington Industries ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Worthington Industries' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Worthington Industries' managers, analysts, and investors.

Environmental

Governance

Social

Worthington Fundamentals

	Return On Equity	0.0229
	Return On Asset	7.0E-4
	Profit Margin	0.03 %
	Operating Margin	(0.01) %
	Current Valuation	2.21 B
	Shares Outstanding	50.26 M
	Shares Owned By Insiders	38.09 %
	Shares Owned By Institutions	52.89 %
	Number Of Shares Shorted	1.14 M
	Price To Earning	4.88 X
	Price To Book	2.28 X
	Price To Sales	1.73 X
	Revenue	1.25 B
	Gross Profit	663.31 M
	EBITDA	156.49 M
	Net Income	117.82 M
	Cash And Equivalents	454.95 M
	Cash Per Share	0.72 X
	Total Debt	317.18 M
	Debt To Equity	0.49 %
	Current Ratio	2.17 X
	Book Value Per Share	17.93 X
	Cash Flow From Operations	289.98 M
	Short Ratio	5.02 X
	Earnings Per Share	0.64 X
	Price To Earnings To Growth	0.35 X
	Target Price	51.0
	Number Of Employees	6 K
	Beta	1.19
	Market Capitalization	2.06 B
	Total Asset	1.64 B
	Retained Earnings	589.39 M
	Working Capital	495.52 M
	Current Asset	915.12 M
	Current Liabilities	430.08 M
	Annual Yield	0.02 %
	Five Year Return	2.19 %
	Net Asset	1.64 B
	Last Dividend Paid	0.81

About Worthington Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Worthington Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worthington Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worthington Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Worthington Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Worthington Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Worthington Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Worthington Stock

0.7	B	Barnes Group	Pair Corr
0.68	CMPO	CompoSecure	Pair Corr
0.67	CMPOW	CompoSecure	Pair Corr
0.65	J	Jacobs Solutions	Pair Corr
0.61	AZ	A2Z Smart Technologies	Pair Corr

The ability to find closely correlated positions to Worthington Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worthington Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Worthington Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Worthington Industries to buy it.

The correlation of Worthington Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Worthington Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worthington Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Worthington Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional 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.

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