Stride Inc (LRN)

Receivables 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
Revenue (ttm) US$ in thousands 2,405,317 2,285,854 2,193,315 2,110,972 2,040,069 1,989,375 1,938,822 1,892,389 1,837,358 1,809,080 1,760,518 1,711,590 1,686,666 1,628,965 1,599,388 1,566,026 1,536,760 1,408,181 1,273,190 1,154,604
Receivables US$ in thousands 559,646 699,817 582,548 675,709 472,754 577,792 509,635 629,600 463,722 474,663 442,166 543,705 418,558 422,615 430,436 519,393 369,303 422,786 435,254 419,615
Receivables turnover 4.30 3.27 3.77 3.12 4.32 3.44 3.80 3.01 3.96 3.81 3.98 3.15 4.03 3.85 3.72 3.02 4.16 3.33 2.93 2.75

June 30, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,405,317K ÷ $559,646K
= 4.30

The receivables turnover ratio for Stride Inc. exhibits variability over the analyzed period from September 2020 to June 2025. Initially, the ratio stood at approximately 2.75 at the end of September 2020, indicating that on average, receivables were collected about 2.75 times within a year. This increased steadily through 2020 and into 2021, reaching 3.33 in March 2021 and further climbing to 4.16 by June 2021, suggestive of improving collection efficiency.

Throughout 2021, the ratio fluctuated slightly, ending at 3.72 in December 2021. In 2022, the ratio continued to rise, peaking at 4.03 in June 2022 before experiencing a decline to 3.15 in September 2022. However, it then resumed an upward trend, closing that year at 3.98 in December 2022, and reaching 3.81 and 3.96 in the first and second quarters of 2023 respectively.

In the subsequent period, a decrease was observed, with the ratio falling to 3.01 in September 2023, then increasing again to 3.80 in December 2023. Mid-2024 data shows a slight decline to 3.44 in March followed by an uptick to 4.32 in June 2024. Later, the ratio drifted downward to 3.12 by September 2024 and recovered to 3.77 by December 2024. The first half of 2025 reflects some volatility, with the ratio at 3.27 in March and rising to a record high of 4.30 in June 2025.

Overall, the receivables turnover ratio demonstrates periods of improvement and decline, indicating variability in the company's ability to collect receivables efficiently over time. The increases suggest periods of enhanced collection practices or customer payment behavior, while declines may point to challenges in receivable collections or shifts in customer payment terms. Despite the fluctuations, the ratio generally remains within a range that indicates reasonable control over receivables, with some periods of notably faster collection rates.