Scholastic Corporation (SCHL)
Number of days of payables
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.52 | 9.35 | 9.59 | 9.59 | 10.26 | |
| Number of days of payables | days | 31.69 | 39.04 | 38.05 | 38.07 | 35.58 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.52
= 31.69
The number of days of payables for Scholastic Corporation has shown a decreasing trend over the last five years, indicating that the company is taking fewer days to pay its suppliers. In the latest fiscal year ending on May 31, 2024, the number of days of payables was 31.69 days, the lowest in the period under consideration. This suggests an improvement in the company's efficiency in managing its accounts payable.
The decrease in the number of days of payables from 39.04 days in 2023 to 31.69 days in 2024 can be attributed to the company's efforts to negotiate better payment terms with its suppliers, streamline its accounts payable processes, or improve its cash flow management. A lower number of days of payables can also indicate a more favorable working capital position for the company.
Overall, the decreasing trend in the number of days of payables for Scholastic Corporation reflects positively on its financial management practices and efficiency in managing its payables, which can potentially contribute to improved liquidity and financial performance.
Peer comparison
May 31, 2024