Scholastic Corporation (SCHL)
Fixed asset turnover
| 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 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,587,800 | 1,641,800 | 1,643,800 | 1,669,400 | 1,702,600 | 1,691,700 | 1,709,500 | 1,644,600 | 1,640,000 | 1,521,500 | 1,454,900 | 1,337,400 | 1,294,100 | 1,182,900 | 1,278,700 | 1,469,700 | 1,487,100 | 1,673,800 | 1,660,600 | 1,668,100 |
| Property, plant and equipment | US$ in thousands | 511,900 | 512,600 | 523,600 | 523,300 | 521,400 | 510,500 | 511,700 | 512,600 | 517,000 | 520,700 | 535,800 | 550,600 | 556,900 | 561,400 | 567,600 | 573,000 | 576,900 | 579,100 | 578,500 | 579,900 |
| Fixed asset turnover | 3.10 | 3.20 | 3.14 | 3.19 | 3.27 | 3.31 | 3.34 | 3.21 | 3.17 | 2.92 | 2.72 | 2.43 | 2.32 | 2.11 | 2.25 | 2.56 | 2.58 | 2.89 | 2.87 | 2.88 |
May 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,587,800K ÷ $511,900K
= 3.10
The fixed asset turnover of Scholastic Corporation has shown some fluctuations over the past few years. The ratio has generally been on an upward trend since August 2021, reaching its peak at 3.34 in November 2022. This indicates that for every dollar invested in fixed assets, the company generated $3.34 in revenue.
However, the ratio began to decline slightly after November 2022, dropping to 2.72 in February 2022, before recovering to 3.20 in February 2024. This may suggest variations in the company's ability to efficiently generate revenue from its fixed assets during these periods.
Overall, Scholastic Corporation has maintained a relatively healthy fixed asset turnover ratio above 3.0 for most of the recent periods, indicating efficient utilization of fixed assets to generate revenue. Investors and stakeholders may find this trend favorable as it shows the company's ability to generate revenue efficiently from its investment in fixed assets.
Peer comparison
May 31, 2024