Stride Inc (LRN)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.14 | 3.79 | 3.84 | 3.90 | 4.13 | |
| DSO | days | 88.26 | 96.33 | 94.94 | 93.67 | 88.32 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.14
= 88.26
The Days Sales Outstanding (DSO) ratio for Stride Inc has exhibited fluctuations over the past five years. As of June 30, 2024, the DSO stands at 88.26 days, reflecting an improvement from the previous year. This indicates that on average, it takes approximately 88.26 days for the company to collect its accounts receivables.
Comparing to Jun 30, 2023 (96.33 days) and Jun 30, 2022 (94.94 days), the decrease in DSO suggests a more efficient collection process in the most recent fiscal year. However, it is worth noting that the DSO was slightly lower in Jun 30, 2020 (88.32 days), indicating that the company has not significantly improved its collection efficiency over the past five years.
Overall, while there has been some improvement in DSO in the latest fiscal year, it is important for Stride Inc to continue monitoring and managing its accounts receivables effectively to ensure timely collections and maintain healthy cash flow operations.
Peer comparison
Jun 30, 2024