Stride Inc (LRN)

Receivables turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	2,036,610	1,987,713	1,937,438	1,890,964	1,836,068	1,806,731	1,758,305	1,709,439	1,684,896	1,625,762	1,596,760	1,564,135	1,535,397	1,408,686	1,273,532	1,154,604	1,040,639	1,029,236	1,025,395	1,022,758
Receivables	US$ in thousands	492,253	598,865	528,948	656,443	484,369	495,326	458,163	567,434	438,260	440,386	451,433	542,504	394,097	440,322	454,285	454,899	251,822	301,649	266,007	282,962
Receivables turnover		4.14	3.32	3.66	2.88	3.79	3.65	3.84	3.01	3.84	3.69	3.54	2.88	3.90	3.20	2.80	2.54	4.13	3.41	3.85	3.61

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,036,610K ÷ $492,253K
= 4.14

Stride Inc's receivables turnover has shown fluctuations over the past few quarters. The average receivables turnover ratio for the periods provided is approximately 3.44. This indicates that, on average, the company collects its accounts receivable approximately 3.44 times per year.

The highest receivables turnover ratio observed was 4.14 at the end of June 2024, suggesting an efficient collection of receivables during that period. Conversely, the lowest turnover ratio of 2.54 was recorded at the end of March 2020, indicating a slower collection of receivables during that quarter.

Overall, the trend in Stride Inc's receivables turnover ratios demonstrates some variability, which could be influenced by the company's credit policies, customer payment behaviors, and economic conditions. Monitoring this ratio closely can provide insights into the efficiency of the company's accounts receivable management and its ability to collect outstanding payments in a timely manner.