Stride Inc (LRN)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,461,400 | 1,276,470 | 1,190,290 | 1,090,190 | 1,001,860 |
| Payables | US$ in thousands | 43,962 | 40,970 | 48,854 | 61,997 | 62,144 |
| Payables turnover | 33.24 | 31.16 | 24.36 | 17.58 | 16.12 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,461,400K ÷ $43,962K
= 33.24
The payables turnover ratio for Stride Inc has demonstrated a consistent upward trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 16.12 in the fiscal year ending June 30, 2021, to 17.58 in 2022, reflecting a modest improvement in the company's ability to settle its accounts payable more frequently within the year. This upward movement accelerated significantly in subsequent years, reaching 24.36 in 2023, indicating that Stride Inc was paying its suppliers more regularly, potentially due to improved cash flows or negotiating better payment terms.
The trend continued into 2024 and 2025, with the ratio rising to 31.16 and then to 33.24, respectively. Such increases suggest a rapid acceleration in the payables turnover, implying the company is settling its short-term obligations more quickly than in prior years. This could point to improved liquidity, increased operational efficiency, or a strategic decision to reduce liabilities more swiftly.
Overall, the consistent and substantial increase in the payables turnover ratio over this period indicates a significant shift toward more efficient management of accounts payable, with implications for Stride Inc’s liquidity position and vendor relationship strategies.
Peer comparison
Jun 30, 2025