Stride Inc (LRN)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 44.99 | 35.47 | 25.65 | 23.77 | 25.60 | |
| Number of days of payables | days | 8.11 | 10.29 | 14.23 | 15.35 | 14.26 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 44.99
= 8.11
The number of days of payables for Stride Inc has shown a decreasing trend over the past five years. As of June 30, 2024, the company takes an average of 8.11 days to pay its suppliers, indicating an efficient management of its accounts payable. This represents an improvement from the previous year where it took 10.29 days to settle payables.
Comparing to two years ago, the number of days has significantly reduced from 14.23 days to 8.11 days, showcasing the company's effectiveness in managing its trade credit obligations. Similarly, there has been a notable decrease from 15.35 days in Jun 30, 2021, indicating a trend towards more prompt payment of suppliers.
Overall, the decreasing trend in the number of days of payables reflects Stride Inc's ability to efficiently manage its working capital and maintain healthy relationships with its vendors.
Peer comparison
Jun 30, 2024