Worthington Common Stock vs Net Invested Capital Analysis

WS Stock

44.84 0.15 0.34%

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

For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.

Common Stock vs Net Invested Capital

Common Stock vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Steel Common Stock account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Worthington Steel's Common Stock and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Worthington Steel, assuming nothing else is changed. The correlation between historical values of Worthington Steel's Common Stock and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Worthington Steel are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Common Stock i.e., Worthington Steel's Common Stock and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Common Stock

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Worthington Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Steel 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 Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.Issuance Of Capital Stock is likely to gain to about 315 K in 2024, whereas Tax Provision is likely to drop slightly above 35.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	395.5M	340.4M	439.8M	425.3M
Total Revenue	4.1B	3.6B	3.4B	3.6B

Gross Profit Total Revenue

Worthington Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments
Total Assets		0.93	-0.35	0.86	0.99	0.99	0.97	0.97	0.94	-0.3	0.72	0.97	0.66	0.9	0.72	0.96	0.97	-0.49	0.99	0.95	0.12	0.41	0.59	0.97	0.99	0.94
Short Long Term Debt Total	0.93		-0.04	0.83	0.91	0.96	0.98	0.97	1.0	-0.43	0.87	0.97	0.85	0.98	0.87	0.82	0.95	-0.39	0.93	0.94	-0.03	0.46	0.73	0.92	0.95	0.99
Other Current Liab	-0.35	-0.04		-0.01	-0.43	-0.29	-0.21	-0.24	-0.05	-0.29	0.09	-0.26	0.48	-0.06	0.09	-0.45	-0.34	-0.03	-0.4	-0.33	-0.46	0.49	0.45	-0.19	-0.32	-0.06
Total Current Liabilities	0.86	0.83	-0.01		0.77	0.85	0.82	0.77	0.86	-0.12	0.5	0.77	0.79	0.73	0.5	0.89	0.73	-0.5	0.78	0.7	0.23	0.77	0.66	0.96	0.82	0.81
Total Stockholder Equity	0.99	0.91	-0.43	0.77		0.98	0.97	0.97	0.91	-0.34	0.75	0.98	0.58	0.91	0.75	0.94	0.99	-0.46	1.0	0.98	0.09	0.29	0.54	0.92	0.99	0.93
Other Liab	0.99	0.96	-0.29	0.85	0.98		0.99	0.98	0.97	-0.29	0.76	0.98	0.7	0.93	0.76	0.94	0.98	-0.4	0.99	0.96	0.14	0.39	0.59	0.97	0.99	0.95
Net Tangible Assets	0.97	0.98	-0.21	0.82	0.97	0.99		0.99	0.98	-0.39	0.84	0.99	0.75	0.97	0.84	0.88	0.99	-0.41	0.98	0.98	0.03	0.38	0.65	0.94	0.99	0.98
Property Plant And Equipment Net	0.97	0.97	-0.24	0.77	0.97	0.98	0.99		0.97	-0.46	0.87	1.0	0.72	0.98	0.87	0.87	0.99	-0.45	0.98	0.99	-0.05	0.34	0.66	0.92	0.99	0.98
Net Debt	0.94	1.0	-0.05	0.86	0.91	0.97	0.98	0.97		-0.39	0.85	0.96	0.84	0.97	0.85	0.84	0.94	-0.38	0.93	0.93	0.02	0.47	0.71	0.94	0.95	0.98
Accounts Payable	-0.3	-0.43	-0.29	-0.12	-0.34	-0.29	-0.39	-0.46	-0.39		-0.76	-0.45	-0.52	-0.56	-0.76	-0.09	-0.42	0.66	-0.31	-0.45	0.91	-0.25	-0.77	-0.21	-0.36	-0.54
Cash	0.72	0.87	0.09	0.5	0.75	0.76	0.84	0.87	0.85	-0.76		0.86	0.77	0.94	1.0	0.51	0.84	-0.41	0.76	0.86	-0.45	0.25	0.77	0.65	0.79	0.9
Non Current Assets Total	0.97	0.97	-0.26	0.77	0.98	0.98	0.99	1.0	0.96	-0.45	0.86		0.71	0.97	0.86	0.87	1.0	-0.45	0.98	0.99	-0.04	0.33	0.65	0.91	0.99	0.98
Non Currrent Assets Other	0.66	0.85	0.48	0.79	0.58	0.7	0.75	0.72	0.84	-0.52	0.77	0.71		0.81	0.77	0.53	0.64	-0.46	0.61	0.64	-0.26	0.75	0.91	0.75	0.67	0.83
Other Assets	0.9	0.98	-0.06	0.73	0.91	0.93	0.97	0.98	0.97	-0.56	0.94	0.97	0.81		0.94	0.76	0.96	-0.41	0.92	0.96	-0.16	0.36	0.74	0.86	0.94	0.99
Cash And Short Term Investments	0.72	0.87	0.09	0.5	0.75	0.76	0.84	0.87	0.85	-0.76	1.0	0.86	0.77	0.94		0.51	0.84	-0.41	0.76	0.86	-0.45	0.25	0.77	0.65	0.79	0.9
Net Receivables	0.96	0.82	-0.45	0.89	0.94	0.94	0.88	0.87	0.84	-0.09	0.51	0.87	0.53	0.76	0.51		0.87	-0.48	0.93	0.85	0.31	0.44	0.45	0.96	0.93	0.82
Good Will	0.97	0.95	-0.34	0.73	0.99	0.98	0.99	0.99	0.94	-0.42	0.84	1.0	0.64	0.96	0.84	0.87		-0.41	0.99	1.0	0.0	0.25	0.58	0.89	0.99	0.96
Common Stock Shares Outstanding	-0.49	-0.39	-0.03	-0.5	-0.46	-0.4	-0.41	-0.45	-0.38	0.66	-0.41	-0.45	-0.46	-0.41	-0.41	-0.48	-0.41		-0.41	-0.4	0.52	-0.66	-0.75	-0.49	-0.45	-0.52
Non Current Liabilities Total	0.99	0.93	-0.4	0.78	1.0	0.99	0.98	0.98	0.93	-0.31	0.76	0.98	0.61	0.92	0.76	0.93	0.99	-0.41		0.98	0.12	0.28	0.53	0.93	1.0	0.93
Capital Lease Obligations	0.95	0.94	-0.33	0.7	0.98	0.96	0.98	0.99	0.93	-0.45	0.86	0.99	0.64	0.96	0.86	0.85	1.0	-0.4	0.98		-0.03	0.22	0.58	0.87	0.98	0.95
Inventory	0.12	-0.03	-0.46	0.23	0.09	0.14	0.03	-0.05	0.02	0.91	-0.45	-0.04	-0.26	-0.16	-0.45	0.31	0.0	0.52	0.12	-0.03		-0.13	-0.57	0.19	0.07	-0.15
Other Current Assets	0.41	0.46	0.49	0.77	0.29	0.39	0.38	0.34	0.47	-0.25	0.25	0.33	0.75	0.36	0.25	0.44	0.25	-0.66	0.28	0.22	-0.13		0.76	0.59	0.36	0.48
Other Stockholder Equity	0.59	0.73	0.45	0.66	0.54	0.59	0.65	0.66	0.71	-0.77	0.77	0.65	0.91	0.74	0.77	0.45	0.58	-0.75	0.53	0.58	-0.57	0.76		0.64	0.6	0.78
Total Liab	0.97	0.92	-0.19	0.96	0.92	0.97	0.94	0.92	0.94	-0.21	0.65	0.91	0.75	0.86	0.65	0.96	0.89	-0.49	0.93	0.87	0.19	0.59	0.64		0.95	0.91
Net Invested Capital	0.99	0.95	-0.32	0.82	0.99	0.99	0.99	0.99	0.95	-0.36	0.79	0.99	0.67	0.94	0.79	0.93	0.99	-0.45	1.0	0.98	0.07	0.36	0.6	0.95		0.96
Long Term Investments	0.94	0.99	-0.06	0.81	0.93	0.95	0.98	0.98	0.98	-0.54	0.9	0.98	0.83	0.99	0.9	0.82	0.96	-0.52	0.93	0.95	-0.15	0.48	0.78	0.91	0.96

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Worthington Steel Account Relationship Matchups

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Worthington Common Stock vs Net Invested Capital Analysis

Common Stock vs Net Invested Capital

Common Stock vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Common Stock

Net Invested Capital

Worthington Steel fundamental ratios Correlations

Worthington Steel Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Capital Lease Obligations	+ 1.0	Good Will

Other Stockholder Equity	- 0.77	Accounts Payable
Cash And Short Term Investments	- 0.76	Accounts Payable
Cash	- 0.76	Accounts Payable
Other Stockholder Equity	- 0.75	Common Stock Shares Outstanding
Other Current Assets	- 0.66	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.57	Inventory