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.