Scholastic Corporation (SCHL)
Number of days of payables
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.99 | 5.09 | 4.60 | 4.72 | 4.83 | |
| Number of days of payables | days | 73.19 | 71.70 | 79.32 | 77.39 | 75.57 |
May 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.99
= 73.19
The analysis of Scholastic Corporation's number of days of payables over the specified periods reveals some observable trends. As of May 31, 2021, the company managed its payables over approximately 75.57 days. This period increased slightly in the following year, reaching around 77.39 days as of May 31, 2022, indicating a marginal extension in the time taken to settle obligations with suppliers. The upward trend continued into May 31, 2023, with payables extending further to approximately 79.32 days, suggesting a strategy of prolonging payment terms or a change in payment practices.
However, a notable shift occurred between 2023 and 2024. By May 31, 2024, the number of days of payables decreased to around 71.70 days. This decline indicates that the company shortened its payment cycle, possibly to improve cash flow, respond to supplier terms, or reflect changes in vendor negotiation strategies. Subsequently, the trend slightly reversed by May 31, 2025, with payables increasing to approximately 73.19 days, but still remaining below the peak levels observed in 2022 and 2023.
Overall, the data indicates fluctuations in Scholastic Corporation's accounts payable practices over the observed period, with a peak payables period around 2023 followed by a decrease in 2024 and a modest recovery in 2025. These variations may reflect changes in working capital management, supplier relationships, or broader strategic considerations.
Peer comparison
May 31, 2025