Stride Inc (LRN)
Payables turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 1,461,398 | 1,392,641 | 1,348,063 | 1,304,404 | 1,276,466 | 1,241,903 | 1,217,427 | 1,202,080 | 1,190,288 | 1,166,414 | 1,138,265 | 1,111,868 | 1,090,191 | 1,063,566 | 1,049,811 | 1,034,615 | 1,001,860 | 928,087 | 853,927 | 774,643 |
Payables | US$ in thousands | 43,962 | 40,204 | 30,896 | 50,057 | 40,970 | 37,156 | 31,319 | 74,586 | 48,854 | 35,252 | 32,809 | 68,956 | 61,997 | 32,848 | 33,821 | 58,589 | 62,144 | 47,043 | 39,251 | 91,957 |
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 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,461,398K ÷ $43,962K
= 33.24
The payables turnover ratio for Stride Inc exhibits notable fluctuations over the period analyzed. At the start of the observed timeframe, as of September 30, 2020, the ratio was relatively low at 8.42, indicating a slower rate of paying off payables relative to purchases. Throughout the subsequent periods, there was a significant increase, with the ratio peaking at 34.69 as of December 31, 2022. This peak suggests an acceleration in the company's payment activity towards its suppliers during that period.
Between December 2022 and September 2023, the ratio experienced a decline to 16.12, implying a slowdown in paying out payables and potentially reflecting a strategic shift, liquidity considerations, or operational adjustments. However, from that point onward, the ratio showed a renewed upward trend, reaching its highest value of 43.63 as of December 31, 2024. This substantial increase indicates a very rapid turnover of payables, possibly signifying more aggressive payment practices or improved liquidity.
Following this peak, there was a slight decrease to 34.64 in March 2025, but the ratio remained relatively high, sustaining a rate of over 33 through June 2025, and ending with a value of 33.24 as of June 30, 2025. Overall, the trends suggest periods of both rapid and slower payables turnover, with notable peaks in late 2022 and late 2024, reflecting shifts in payment strategies or supplier credit management over time.
Peer comparison
Jun 30, 2025