Worthington Net Invested Capital vs Non Current Liabilities Total Analysis

WS Stock   44.13  0.32  0.72%   
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 Net Invested Capital and its Non Current Liabilities Total 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.

Net Invested Capital vs Non Current Liabilities Total

Net Invested Capital vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Steel Net Invested Capital account and Non Current Liabilities Total. At this time, the significance of the direction appears to have totally related.
The correlation between Worthington Steel's Net Invested Capital and Non Current Liabilities Total is 1.0. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Non Current Liabilities Total 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 Net Invested Capital and Non Current Liabilities Total 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 Invested Capital of Worthington Steel are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Invested Capital i.e., Worthington Steel's Net Invested Capital and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

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

Non Current Liabilities Total

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 Profit395.5M340.4M439.8M425.3M
Total Revenue4.1B3.6B3.4B3.6B

Worthington Steel fundamental ratios Correlations

0.93-0.350.860.990.990.970.970.94-0.30.720.970.660.90.720.960.97-0.490.990.950.120.410.590.970.990.94
0.93-0.040.830.910.960.980.971.0-0.430.870.970.850.980.870.820.95-0.390.930.94-0.030.460.730.920.950.99
-0.35-0.04-0.01-0.43-0.29-0.21-0.24-0.05-0.290.09-0.260.48-0.060.09-0.45-0.34-0.03-0.4-0.33-0.460.490.45-0.19-0.32-0.06
0.860.83-0.010.770.850.820.770.86-0.120.50.770.790.730.50.890.73-0.50.780.70.230.770.660.960.820.81
0.990.91-0.430.770.980.970.970.91-0.340.750.980.580.910.750.940.99-0.461.00.980.090.290.540.920.990.93
0.990.96-0.290.850.980.990.980.97-0.290.760.980.70.930.760.940.98-0.40.990.960.140.390.590.970.990.95
0.970.98-0.210.820.970.990.990.98-0.390.840.990.750.970.840.880.99-0.410.980.980.030.380.650.940.990.98
0.970.97-0.240.770.970.980.990.97-0.460.871.00.720.980.870.870.99-0.450.980.99-0.050.340.660.920.990.98
0.941.0-0.050.860.910.970.980.97-0.390.850.960.840.970.850.840.94-0.380.930.930.020.470.710.940.950.98
-0.3-0.43-0.29-0.12-0.34-0.29-0.39-0.46-0.39-0.76-0.45-0.52-0.56-0.76-0.09-0.420.66-0.31-0.450.91-0.25-0.77-0.21-0.36-0.54
0.720.870.090.50.750.760.840.870.85-0.760.860.770.941.00.510.84-0.410.760.86-0.450.250.770.650.790.9
0.970.97-0.260.770.980.980.991.00.96-0.450.860.710.970.860.871.0-0.450.980.99-0.040.330.650.910.990.98
0.660.850.480.790.580.70.750.720.84-0.520.770.710.810.770.530.64-0.460.610.64-0.260.750.910.750.670.83
0.90.98-0.060.730.910.930.970.980.97-0.560.940.970.810.940.760.96-0.410.920.96-0.160.360.740.860.940.99
0.720.870.090.50.750.760.840.870.85-0.761.00.860.770.940.510.84-0.410.760.86-0.450.250.770.650.790.9
0.960.82-0.450.890.940.940.880.870.84-0.090.510.870.530.760.510.87-0.480.930.850.310.440.450.960.930.82
0.970.95-0.340.730.990.980.990.990.94-0.420.841.00.640.960.840.87-0.410.991.00.00.250.580.890.990.96
-0.49-0.39-0.03-0.5-0.46-0.4-0.41-0.45-0.380.66-0.41-0.45-0.46-0.41-0.41-0.48-0.41-0.41-0.40.52-0.66-0.75-0.49-0.45-0.52
0.990.93-0.40.781.00.990.980.980.93-0.310.760.980.610.920.760.930.99-0.410.980.120.280.530.931.00.93
0.950.94-0.330.70.980.960.980.990.93-0.450.860.990.640.960.860.851.0-0.40.98-0.030.220.580.870.980.95
0.12-0.03-0.460.230.090.140.03-0.050.020.91-0.45-0.04-0.26-0.16-0.450.310.00.520.12-0.03-0.13-0.570.190.07-0.15
0.410.460.490.770.290.390.380.340.47-0.250.250.330.750.360.250.440.25-0.660.280.22-0.130.760.590.360.48
0.590.730.450.660.540.590.650.660.71-0.770.770.650.910.740.770.450.58-0.750.530.58-0.570.760.640.60.78
0.970.92-0.190.960.920.970.940.920.94-0.210.650.910.750.860.650.960.89-0.490.930.870.190.590.640.950.91
0.990.95-0.320.820.990.990.990.990.95-0.360.790.990.670.940.790.930.99-0.451.00.980.070.360.60.950.96
0.940.99-0.060.810.930.950.980.980.98-0.540.90.980.830.990.90.820.96-0.520.930.95-0.150.480.780.910.96
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Worthington Steel Account Relationship Matchups

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Additional Tools for Worthington Stock Analysis

When running Worthington Steel's price analysis, check to measure Worthington Steel's 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 Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.