Worthington Net Receivables vs Total Current Liabilities Analysis

WOR Stock

USD 53.71 2.06 3.69%

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 Net Receivables and its Total Current Liabilities 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.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Industries Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Worthington Industries' Net Receivables and Total Current Liabilities is 0.76. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities 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' Net Receivables and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Worthington Industries are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Worthington Industries' Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Worthington Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Worthington Industries are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 06/04/2024, 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

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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	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

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Worthington Net Receivables vs Total Current Liabilities Analysis

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Liabilities

Worthington Industries fundamental ratios Correlations

Worthington Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Worthington Industries fundamental ratios Accounts

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Additional Tools for Worthington Stock Analysis

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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