Scholastic Corporation (SCHL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.52 | 12.56 | 9.89 | 9.57 | 9.35 | 10.24 | 7.69 | 7.59 | 9.59 | 8.50 | 7.82 | 7.15 | 9.48 | 9.39 | 8.42 | 9.08 | 10.26 | 8.96 | 8.64 | 7.27 | |
| Number of days of payables | days | 31.69 | 29.06 | 36.90 | 38.15 | 39.04 | 35.66 | 47.48 | 48.08 | 38.05 | 42.95 | 46.68 | 51.02 | 38.50 | 38.86 | 43.36 | 40.21 | 35.58 | 40.72 | 42.24 | 50.18 |
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 fluctuated over the past few years, ranging from a low of 29.06 days to a high of 51.02 days. This ratio indicates the average number of days it takes for the company to pay its suppliers and vendors for goods and services received.
A lower number of days of payables suggests that the company is paying its suppliers more quickly, potentially indicating strong liquidity or good relationships with suppliers. On the other hand, a higher number of days of payables may suggest that the company is taking longer to settle its payables, which could be a sign of potential financial strain or inefficient cash management.
It is important for investors and stakeholders to monitor changes in the number of days of payables over time, as significant fluctuations could indicate shifts in the company's financial health, operational efficiency, or supplier relationships. Further analysis and comparison with industry benchmarks can provide more insights into Scholastic Corporation's working capital management and financial performance.
Peer comparison
May 31, 2024