Stride Inc (LRN)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,035,790 | 1,835,280 | 1,684,900 | 1,535,650 | 1,040,700 |
| Receivables | US$ in thousands | 492,253 | 484,369 | 438,260 | 394,097 | 251,822 |
| Receivables turnover | 4.14 | 3.79 | 3.84 | 3.90 | 4.13 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,035,790K ÷ $492,253K
= 4.14
The receivables turnover ratio for Stride Inc has shown a fluctuating trend over the past five years, ranging from 3.79 to 4.14. Generally, a higher receivables turnover ratio indicates that the company is more efficient in collecting payments from its customers.
In the most recent year, as of June 30, 2024, Stride Inc's receivables turnover ratio stands at 4.14, showing a slight improvement compared to the previous year. This suggests that the company was able to collect its accounts receivable more quickly during this period.
However, it is important to note that the receivables turnover ratio should be analyzed in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of Stride Inc's efficiency in managing its accounts receivable.
Peer comparison
Jun 30, 2024