Stride Inc (LRN)

Number of days of payables

		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
Payables turnover		33.24	34.64	43.63	26.06	31.16	33.42	38.87	16.12	24.36	33.09	34.69	16.12	17.58	32.38	31.04	17.66	16.12	19.73	21.76	8.42
Number of days of payables	days	10.98	10.54	8.37	14.01	11.72	10.92	9.39	22.65	14.98	11.03	10.52	22.64	20.76	11.27	11.76	20.67	22.64	18.50	16.78	43.33

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 33.24
= 10.98

The data indicates significant fluctuations in Stride Inc.'s accounts payable days over the period analyzed. Initially, as of September 30, 2020, the number of days payable stood at approximately 43.33 days, suggesting a relatively extended period before settling accounts payable.

Throughout 2020 and into early 2021, there was a notable decrease, with the number of days declining sharply to about 16.78 days by December 31, 2020, and remaining relatively stable through the first quarter of 2021 at approximately 18.50 days. Subsequently, the period of payable decreased further, hitting a low of around 11.27 days by March 31, 2022, indicating an improved efficiency in settling obligations.

In 2022, the days of payables increased again, reaching approximately 22.64 days by September 30, 2022, before decreasing sharply to around 10.52 days at year's end. The trend persisted into early 2023, with the number of days fluctuating between approximately 11.03 and 14.98 days throughout the first half of the year.

From late 2023 onward, the days of payables exhibited variability but generally remained below the initial levels observed in 2020. The data shows a downward trend culminating in a low of approximately 8.37 days on December 31, 2024. In 2025, the days of payables remained relatively stable, oscillating around 10 to 11 days.

Overall, the company's accounts payable turnover has demonstrated periods of tightening and relaxation, reflecting adjustments in payment policies, cash flow management, or supplier negotiations over the analyzed timeframe. The recent trend suggests a relatively prompt settlement of payables, with the period never reverting to its highest levels observed at the beginning of the period.