Scholastic Corporation (SCHL)
Fixed asset turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,625,500 | 1,589,700 | 1,704,000 | 1,642,900 | 1,300,300 |
| Property, plant and equipment | US$ in thousands | — | — | 521,400 | 517,000 | 635,500 |
| Fixed asset turnover | — | — | 3.27 | 3.18 | 2.05 |
May 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,625,500K ÷ $—K
= —
The fixed asset turnover ratio for Scholastic Corporation demonstrates a consistent upward trend over the analyzed period. Specifically, as of May 31, 2021, the ratio was 2.05, indicating that the company generated approximately $2.05 in sales for every dollar invested in fixed assets. By May 31, 2022, this ratio increased significantly to 3.18, reflecting improved efficiency in utilizing fixed assets to generate sales. The upward trajectory persisted into May 31, 2023, with the ratio reaching 3.27, further signaling enhanced operational efficiency or possibly improved asset management practices.
The absence of data beyond May 31, 2023, precludes analysis for subsequent periods, but the trend from 2021 to 2023 indicates a positive development in fixed asset utilization. An increasing fixed asset turnover ratio generally suggests that Scholastic Corporation is more effectively leveraging its fixed assets to generate revenue, which may be attributable to strategic asset management, technological improvements, or shifts toward more asset-light operations. Overall, the ratio's growth over these years reflects a noteworthy enhancement in the company’s operational efficiency related to its fixed assets.
Peer comparison
May 31, 2025