Stride Inc (LRN)
Days of sales outstanding (DSO)
Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receivables turnover | 4.30 | 3.27 | 3.77 | 3.12 | 4.32 | 3.44 | 3.80 | 3.01 | 3.96 | 3.81 | 3.98 | 3.15 | 4.03 | 3.85 | 3.72 | 3.02 | 4.16 | 3.33 | 2.93 | 2.75 | |
DSO | days | 84.92 | 111.75 | 96.94 | 116.83 | 84.58 | 106.01 | 95.94 | 121.44 | 92.12 | 95.77 | 91.67 | 115.95 | 90.58 | 94.69 | 98.23 | 121.06 | 87.71 | 109.59 | 124.78 | 132.65 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.30
= 84.92
The Days of Sales Outstanding (DSO) for Stride Inc. exhibits notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the DSO decreased from 132.65 days in September 2020 to a low of 87.71 days in June 2021, indicating an improvement in the company's collection efficiency and possibly a more streamlined receivables management during this period.
Following this decline, the DSO experienced an increase to 121.06 days in September 2021, suggesting a deterioration in the company's receivables collection process or potentially a change in customer payment terms. The subsequent periods show some cyclical variation; for example, the DSO decreased again to approximately 91.67 days by the end of 2022 but then rose again to 95.77 days in March 2023.
In the interim, there was a significant spike to 116.83 days in September 2024, indicating a potential weakening in receivables collection or extended credit terms. Nonetheless, this fluctuation was followed by a decrease to 96.94 days in December 2024, and then an increase again to 111.75 days in March 2025.
Overall, the DSO demonstrates variability with periods of improvement and deterioration over the analyzed timeframe. The general trend suggests inconsistencies in the company's ability to efficiently convert receivables into cash, with notable peaks reaching beyond 120 days and lows approaching mid-80s days. Such fluctuations may warrant further analysis to assess underlying factors impacting the company's credit and collection practices, customer creditworthiness, or changes in billing policies.
Peer comparison
Jun 30, 2025