Scholastic Corporation (SCHL)
Number of days of payables
| 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 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.38 | 4.63 | 3.99 | 5.31 | 5.94 | 4.67 | 4.60 | 4.60 | 4.99 | 3.76 | 3.72 | 4.72 | 4.26 | 3.96 | 3.65 | 4.83 | 4.73 | 4.06 | 4.38 | 4.89 | |
| Number of days of payables | days | 67.79 | 78.79 | 91.54 | 68.74 | 61.49 | 78.08 | 79.30 | 79.32 | 73.13 | 97.02 | 98.17 | 77.39 | 85.66 | 92.10 | 100.12 | 75.57 | 77.18 | 89.88 | 83.34 | 74.65 |
February 28, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.38
= 67.79
The analysis of Scholastic Corporation's days payable outstanding over the specified periods reveals notable fluctuations. Starting from approximately 74.65 days as of May 31, 2020, the number of days payable increased, reaching a peak of around 100.12 days on August 31, 2021. This suggests a tendency towards longer periods of delaying payments to suppliers during this interval, possibly due to cash flow management strategies or supplier relationship terms.
Subsequently, there was a gradual decline in days payable, with intermittent fluctuations. By February 28, 2023, the figure decreased to approximately 73.13 days, indicating a shortening in payment periods. This trend towards shorter payables was maintained into 2024, where measurements ranged from 61.49 days in February 2024 to approximately 78.79 days in November 2024.
Overall, the data demonstrates variability in the company's accounts payable practices over the observed period. The initial increase may reflect extended credit terms or deliberate delays in payments, potentially impacting supplier relationships and working capital management. The subsequent reduction suggests a shift toward more prompt payments, which could relate to improved liquidity positions or strategic changes in payment policies.
Peer comparison
Feb 28, 2025