Worthington Change To Inventory vs Free Cash Flow Analysis

WOR Stock

USD 39.24 0.13 0.33%

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 Change To Inventory and its Free Cash Flow 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 closely tied 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.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Worthington Industries' Change To Inventory and Free Cash Flow is 0.55. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow 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' Change To Inventory and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Worthington Industries are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Worthington Industries' Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 closely tied 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' Tax Provision is relatively stable compared to the past year. As of 12/15/2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Issuance Of Capital Stock is likely to drop slightly above 5.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	714.8M	663.3M	285.0M	383.3M
Total Revenue	5.2B	4.9B	1.2B	1.2B

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		0.9	0.67	0.85	0.94	0.87	0.42	0.92	0.49	0.96	-0.72	0.49	0.65	-0.78	0.95	0.92	0.54	0.6	0.98	0.78	0.97	-0.07	0.65	0.87	0.8	0.5
Short Long Term Debt Total	0.9		0.48	0.85	0.72	0.91	0.7	0.67	0.23	0.91	-0.67	0.23	0.7	-0.65	0.94	0.89	0.34	0.63	0.96	0.58	0.83	0.1	0.7	0.78	0.6	0.29
Other Current Liab	0.67	0.48		0.48	0.76	0.6	0.03	0.8	0.54	0.6	-0.5	0.54	-0.04	-0.45	0.57	0.58	0.97	0.24	0.57	0.8	0.69	-0.2	0.02	0.56	0.65	0.32
Total Current Liabilities	0.85	0.85	0.48		0.7	0.84	0.62	0.69	0.19	0.78	-0.81	0.19	0.77	-0.46	0.76	0.96	0.3	0.3	0.9	0.57	0.85	0.32	0.81	0.61	0.54	0.11
Total Stockholder Equity	0.94	0.72	0.76	0.7		0.74	0.17	0.99	0.62	0.89	-0.64	0.62	0.46	-0.81	0.85	0.8	0.68	0.56	0.85	0.85	0.93	-0.19	0.45	0.85	0.85	0.61
Property Plant And Equipment Net	0.87	0.91	0.6	0.84	0.74		0.7	0.72	0.14	0.88	-0.66	0.14	0.61	-0.56	0.88	0.91	0.48	0.52	0.89	0.72	0.8	0.0	0.65	0.72	0.56	0.13
Net Debt	0.42	0.7	0.03	0.62	0.17	0.7		0.15	-0.53	0.55	-0.4	-0.53	0.61	-0.2	0.51	0.63	-0.05	0.27	0.57	0.31	0.28	0.38	0.59	0.35	0.19	-0.17
Retained Earnings	0.92	0.67	0.8	0.69	0.99	0.72	0.15		0.59	0.86	-0.66	0.59	0.42	-0.75	0.79	0.8	0.72	0.45	0.82	0.89	0.91	-0.17	0.41	0.8	0.85	0.59
Cash	0.49	0.23	0.54	0.19	0.62	0.14	-0.53	0.59		0.33	-0.27	1.0	-0.01	-0.49	0.42	0.22	0.49	0.37	0.37	0.25	0.61	-0.39	0.05	0.45	0.45	0.52
Non Current Assets Total	0.96	0.91	0.6	0.78	0.89	0.88	0.55	0.86	0.33		-0.64	0.33	0.61	-0.85	0.96	0.88	0.51	0.68	0.95	0.8	0.87	-0.06	0.6	0.92	0.81	0.55
Non Currrent Assets Other	-0.72	-0.67	-0.5	-0.81	-0.64	-0.66	-0.4	-0.66	-0.27	-0.64		-0.27	-0.49	0.34	-0.63	-0.84	-0.37	-0.03	-0.74	-0.49	-0.74	-0.33	-0.56	-0.49	-0.6	-0.11
Cash And Short Term Investments	0.49	0.23	0.54	0.19	0.62	0.14	-0.53	0.59	1.0	0.33	-0.27		-0.01	-0.49	0.42	0.22	0.49	0.37	0.37	0.25	0.61	-0.39	0.05	0.45	0.45	0.52
Net Receivables	0.65	0.7	-0.04	0.77	0.46	0.61	0.61	0.42	-0.01	0.61	-0.49	-0.01		-0.37	0.61	0.72	-0.23	0.39	0.74	0.3	0.64	0.15	0.96	0.47	0.33	0.12
Common Stock Shares Outstanding	-0.78	-0.65	-0.45	-0.46	-0.81	-0.56	-0.2	-0.75	-0.49	-0.85	0.34	-0.49	-0.37		-0.8	-0.57	-0.42	-0.77	-0.71	-0.64	-0.69	0.19	-0.33	-0.92	-0.81	-0.83
Non Current Liabilities Total	0.95	0.94	0.57	0.76	0.85	0.88	0.51	0.79	0.42	0.96	-0.63	0.42	0.61	-0.8		0.86	0.45	0.73	0.95	0.68	0.88	-0.17	0.63	0.92	0.77	0.48
Inventory	0.92	0.89	0.58	0.96	0.8	0.91	0.63	0.8	0.22	0.88	-0.84	0.22	0.72	-0.57	0.86		0.42	0.35	0.94	0.72	0.89	0.16	0.76	0.73	0.69	0.23
Other Current Assets	0.54	0.34	0.97	0.3	0.68	0.48	-0.05	0.72	0.49	0.51	-0.37	0.49	-0.23	-0.42	0.45	0.42		0.21	0.41	0.76	0.54	-0.2	-0.19	0.49	0.59	0.35
Other Stockholder Equity	0.6	0.63	0.24	0.3	0.56	0.52	0.27	0.45	0.37	0.68	-0.03	0.37	0.39	-0.77	0.73	0.35	0.21		0.58	0.35	0.51	-0.39	0.34	0.76	0.45	0.52
Total Liab	0.98	0.96	0.57	0.9	0.85	0.89	0.57	0.82	0.37	0.95	-0.74	0.37	0.74	-0.71	0.95	0.94	0.41	0.58		0.69	0.94	0.04	0.74	0.83	0.73	0.41
Property Plant And Equipment Gross	0.78	0.58	0.8	0.57	0.85	0.72	0.31	0.89	0.25	0.8	-0.49	0.25	0.3	-0.64	0.68	0.72	0.76	0.35	0.69		0.72	-0.17	0.27	0.71	0.78	0.51
Total Current Assets	0.97	0.83	0.69	0.85	0.93	0.8	0.28	0.91	0.61	0.87	-0.74	0.61	0.64	-0.69	0.88	0.89	0.54	0.51	0.94	0.72		-0.08	0.66	0.79	0.75	0.44
Short Term Debt	-0.07	0.1	-0.2	0.32	-0.19	0.0	0.38	-0.17	-0.39	-0.06	-0.33	-0.39	0.15	0.19	-0.17	0.16	-0.2	-0.39	0.04	-0.17	-0.08		0.09	-0.27	-0.21	-0.26
Accounts Payable	0.65	0.7	0.02	0.81	0.45	0.65	0.59	0.41	0.05	0.6	-0.56	0.05	0.96	-0.33	0.63	0.76	-0.19	0.34	0.74	0.27	0.66	0.09		0.49	0.35	0.02
Good Will	0.87	0.78	0.56	0.61	0.85	0.72	0.35	0.8	0.45	0.92	-0.49	0.45	0.47	-0.92	0.92	0.73	0.49	0.76	0.83	0.71	0.79	-0.27	0.49		0.9	0.68
Intangible Assets	0.8	0.6	0.65	0.54	0.85	0.56	0.19	0.85	0.45	0.81	-0.6	0.45	0.33	-0.81	0.77	0.69	0.59	0.45	0.73	0.78	0.75	-0.21	0.35	0.9		0.73
Other Liab	0.5	0.29	0.32	0.11	0.61	0.13	-0.17	0.59	0.52	0.55	-0.11	0.52	0.12	-0.83	0.48	0.23	0.35	0.52	0.41	0.51	0.44	-0.26	0.02	0.68	0.73

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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	1.6B	1.8B
Short Long Term Debt Total	736.3M	747.8M	844.4M	795.4M	317.2M	421.3M
Other Current Liab	130.2M	228.2M	203.6M	576.4M	75.2M	115.0M
Total Current Liabilities	388.2M	787.9M	932.3M	717.6M	178.4M	169.5M
Total Stockholder Equity	820.8M	1.4B	1.5B	1.7B	888.9M	800.7M
Property Plant And Equipment Net	604.2M	550.1M	795.1M	775.6M	245.9M	233.6M
Net Debt	589.1M	107.5M	809.9M	340.4M	73.0M	69.3M
Retained Earnings	572.3M	1.1B	1.2B	1.4B	589.4M	621.4M
Cash	147.2M	640.3M	34.5M	454.9M	244.2M	256.4M
Non Current Assets Total	1.3B	1.4B	1.9B	1.8B	1.0B	960.8M
Non Currrent Assets Other	(37.0M)	(83.2M)	(80.7M)	(76.1M)	21.3M	16.1M
Cash And Short Term Investments	147.2M	640.3M	34.5M	454.9M	244.2M	256.4M
Net Receivables	349.4M	641.9M	878.0M	224.5M	217.1M	348.7M
Common Stock Shares Outstanding	56.0M	53.9M	51.0M	49.4M	50.3M	63.6M
Liabilities And Stockholders Equity	2.3B	3.4B	3.6B	3.7B	1.6B	1.8B
Non Current Liabilities Total	976.8M	1.0B	1.1B	1.1B	569.2M	532.7M
Inventory	405.1M	564.8M	759.1M	608.0M	164.6M	156.4M
Other Current Assets	68.5M	121.0M	114.0M	1.0B	47.9M	71.6M
Other Stockholder Equity	283.8M	282.8M	273.4M	290.8M	299.0M	264.5M
Total Liab	1.4B	1.8B	2.0B	1.8B	747.6M	967.2M
Property Plant And Equipment Gross	604.2M	550.1M	1.6B	1.8B	497.1M	625.4M
Total Current Assets	983.2M	2.0B	1.8B	1.9B	673.9M	862.3M
Accumulated Other Comprehensive Income	(35.2M)	45.4M	(22.9M)	(23.2M)	454.0K	476.7K
Short Term Debt	11M	20.4M	59.9M	6.9M	12.5M	11.8M
Accounts Payable	247.0M	535.8M	668.4M	126.7M	90.2M	85.7M
Good Will	321.4M	351.1M	401.5M	414.8M	331.6M	214.4M
Intangible Assets	184.4M	240.4M	299.0M	314.2M	221.1M	151.3M
Other Liab	247.9M	296.2M	312.3M	332.0M	381.8M	400.9M
Other Assets	1K	30.6M	34.4M	25.3M	(40.8M)	(38.8M)
Long Term Debt	699.5M	710.0M	696.3M	689.7M	298.1M	462.5M
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

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

0.68	B	Barnes Group	Pair Corr
0.6	J	Jacobs Solutions	Pair Corr
0.57	CMPO	CompoSecure	Pair Corr
0.54	CMPOW	CompoSecure	Pair Corr
0.5	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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