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.