Scholastic Corporation (SCHL)
Days of sales outstanding (DSO)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.36 | 4.86 | 5.39 | 6.47 | 6.35 | 5.81 | 5.27 | 8.27 | 5.94 | 5.82 | 4.71 | 5.81 | 5.04 | 4.93 | 3.82 | 4.81 | 3.77 | 3.49 | 3.22 | 4.55 | |
| DSO | days | 68.08 | 75.04 | 67.67 | 56.45 | 57.45 | 62.84 | 69.21 | 44.14 | 61.45 | 62.67 | 77.56 | 62.82 | 72.47 | 74.10 | 95.59 | 75.91 | 96.81 | 104.70 | 113.21 | 80.17 |
May 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.36
= 68.08
The analysis of Scholastic Corporation’s Days of Sales Outstanding (DSO) over the specified periods indicates notable fluctuations and a significant overall downward trend from August 31, 2020, through May 31, 2025. Initially, the DSO was approximately 80.17 days at the end of August 2020, which rose markedly to a peak of 113.21 days by November 30, 2020. This increase suggests a deterioration in collection efficiency or extended credit terms during that period.
Subsequently, the DSO continued to demonstrate variability, with some periods experiencing improvement and others facing increases. For instance, between February 28, 2021, and May 31, 2021, the DSO decreased from approximately 104.70 days to 96.81 days. However, it then declined further to 75.91 days by August 31, 2021, indicating a temporary enhancement in collection periods.
A more sustained downward trend is observed starting from November 30, 2021, through August 31, 2022, where the DSO decreased from approximately 95.59 days to 62.82 days. This pattern signals a notable improvement in collection effectiveness during this period. The decreasing trend persisted into late 2022 and early 2023, reaching a low of about 62.67 days on February 28, 2023, which reflects faster receivables turnover.
Later, the DSO continued to decline slightly, reaching 61.45 days at May 31, 2023, and further decreasing to approximately 44.14 days by August 31, 2023. This period represents the most efficient collection phase within the analyzed timeframe.
In the subsequent periods, the DSO showed some fluctuation, rising again to around 69.21 days in November 2023 and to roughly 75.04 days by February 28, 2024. Despite these increases, the DSO remained below the interim peak levels observed earlier in the analysis.
Projections for the period ending May 31, 2025, suggest a decrease to approximately 68.08 days, although the DSO within the most recent period shown, August 31, 2024, remains at about 56.45 days, reflecting operational stability in receivable collections.
Overall, the data depict a pattern of initial variability with a long-term trend toward improved receivables management, culminating in significantly lower DSO figures from late 2022 through mid-2023. The fluctuations observed in subsequent periods may be attributable to seasonal, macroeconomic, or operational factors affecting collection practices. Nonetheless, the trend indicates enhanced efficiency in converting receivables into cash over the analyzed duration.
Peer comparison
May 31, 2025