Stride Inc (LRN)
Number of days of payables
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 44.99 | 48.84 | 56.92 | 23.53 | 35.47 | 48.50 | 50.97 | 23.72 | 25.62 | 47.33 | 45.71 | 26.09 | 23.77 | 28.66 | 31.38 | 12.12 | 25.36 | 40.21 | 32.47 | 21.25 | |
| Number of days of payables | days | 8.11 | 7.47 | 6.41 | 15.51 | 10.29 | 7.53 | 7.16 | 15.39 | 14.24 | 7.71 | 7.99 | 13.99 | 15.35 | 12.74 | 11.63 | 30.12 | 14.39 | 9.08 | 11.24 | 17.18 |
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 fluctuations over the past few quarters. On June 30, 2024, the company had 8.11 days of payables, which was slightly higher compared to the previous quarter. The trend in payables days seems to have been generally decreasing since the peak of 30.12 days on September 30, 2020. However, there are periods of fluctuation within this decreasing trend, indicating potential changes in the company's payment practices or vendor relationships. Further analysis of underlying factors contributing to changes in payables days is recommended to gain a deeper understanding of Stride Inc's financial management strategies.
Peer comparison
Jun 30, 2024