Scholastic Corporation (SCHL)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,625,500 | 1,592,100 | 1,580,400 | 1,598,400 | 1,589,700 | 1,643,100 | 1,644,300 | 1,669,600 | 1,704,000 | 1,690,100 | 1,709,700 | 1,646,000 | 1,642,900 | 1,529,900 | 1,462,900 | 1,344,900 | 1,300,300 | 1,182,900 | 1,278,700 | 1,469,700 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 619,700 | 521,400 | 510,500 | 511,700 | 512,600 | 517,000 | 520,700 | 535,800 | 616,000 | 635,500 | 631,900 | 567,600 | 666,100 |
| Fixed asset turnover | — | — | — | — | — | — | — | 2.69 | 3.27 | 3.31 | 3.34 | 3.21 | 3.18 | 2.94 | 2.73 | 2.18 | 2.05 | 1.87 | 2.25 | 2.21 |
May 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,625,500K ÷ $—K
= —
The fixed asset turnover ratio of Scholastic Corporation has exhibited notable fluctuations between August 2020 and August 2023. Initially, the ratio was 2.21 in August 2020, indicating a moderate level of efficiency in generating revenue from the company's fixed assets. This ratio showed a generally upward trend over the subsequent periods, reaching a peak of 3.34 in November 2022. The increasing trend from February 2021 through November 2022 suggests an improving utilization of fixed assets to generate sales.
Specifically, after a dip to 1.87 in February 2021, the ratio recovered and steadily increased, reflecting enhanced asset efficiency. The period from May 2022 to August 2022 saw ratios of 3.18 and 3.21 respectively, indicating strong asset utilization. The peak at November 2022 (3.34) further underscores this improvement.
However, after November 2022, a decline in the ratio is observed. From a high of 3.34 in November 2022, the ratio decreased to 3.31 in February 2023 and further down to 2.69 by August 2023. This downward trend indicates a diminished efficiency in using fixed assets to generate sales during this period.
The absence of data beyond August 2023 limits the ability to assess long-term trends beyond this point. Overall, the data reflect periods of significant improvement in fixed asset efficiency followed by a notable decline within approximately a year, suggesting variability in how effectively the company utilizes its fixed assets to produce revenue over time.
Peer comparison
May 31, 2025