Stride Inc (LRN)

Receivables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	2,405,320	2,040,070	1,837,360	1,686,670	1,536,760
Receivables	US$ in thousands	559,646	472,754	463,722	418,558	369,303
Receivables turnover		4.30	4.32	3.96	4.03	4.16

June 30, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,405,320K ÷ $559,646K
= 4.30

The receivables turnover ratio for Stride Inc. over the period from June 30, 2021, to June 30, 2025, exhibits notable fluctuations, reflecting changes in the company’s efficiency in collecting accounts receivable.

In the fiscal year ending June 30, 2021, the receivables turnover ratio was 4.16, indicating that receivables were collected approximately four times during the year. This ratio experienced a slight decline the following year, decreasing to 4.03 by June 30, 2022, which could suggest a marginal slowdown in collection efficiency or changes in credit policy or customer payment behaviors.

The ratio further dipped to 3.96 in the fiscal year ending June 30, 2023, continuing the downward trend into the subsequent year. This downward movement might imply an increasing duration for receivables collection or potential challenges in cash flow management, although the decline is modest and within a narrow range.

Starting from the fiscal year ending June 30, 2024, the receivables turnover ratio increased to 4.32, indicating an improvement in collection efficiency, slightly surpassing the levels seen in 2021. This uptick signals a possible enhancement in credit management policies or a shift in customer payment behaviors favoring quicker collections.

The ratio remained relatively stable in the year ending June 30, 2025, at 4.30, maintaining the higher level achieved in 2024 and suggesting sustained efficiency in receivables collection practices.

Overall, the receivables turnover ratio for Stride Inc. demonstrates a pattern of minor declines followed by an recovery and stabilization, highlighting phase-specific shifts but an overall trend towards stable collection efficiency in recent years.