Scholastic Corporation (SCHL)
Payables turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 784,500 | 705,100 | 786,400 | 765,500 | 666,500 |
| Payables | US$ in thousands | 157,300 | 138,500 | 170,900 | 162,300 | 138,000 |
| Payables turnover | 4.99 | 5.09 | 4.60 | 4.72 | 4.83 |
May 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $784,500K ÷ $157,300K
= 4.99
The payables turnover ratio for Scholastic Corporation has demonstrated variability over the observed period from May 31, 2021, to May 31, 2025. Specifically, the ratio was 4.83 in May 2021, indicating that the company settled its payables approximately 4.83 times during the year. In the following year, May 2022, the ratio slightly decreased to 4.72, suggesting a marginal slowdown in settling accounts payable relative to purchases.
The downward trend continued into May 2023, with the payables turnover decreasing further to 4.60, which may imply a slight extension in the time taken to pay suppliers or a change in purchase or payment strategies. Nonetheless, the trend reversed with an increase to 5.09 in May 2024, indicating the company became marginally more efficient or aggressive in paying its suppliers within the fiscal year.
By May 2025, the ratio slightly declined again to 4.99, which remains close to the 2024 level but still points to a marginal decrease in payables turnover compared to the previous year. Overall, these fluctuations suggest that Scholastic Corporation has experienced some variability in its payment practices, with a general pattern of minor decreases from 2021 to 2023 followed by an improvement in 2024 and a slight decline in 2025. The ratios indicate a stable but somewhat evolving approach to managing accounts payable, with periods of both slower and faster processing within the context of their operational strategies.
Peer comparison
May 31, 2025