Scholastic Corporation (SCHL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,595,200 | 1,583,800 | 1,577,800 | 1,604,300 | 1,597,700 | 1,621,500 | 1,632,900 | 1,585,900 | 1,556,700 | 1,473,600 | 1,411,300 | 1,327,900 | 1,308,300 | 1,261,500 | 1,393,100 | 1,527,800 | 1,575,600 | 1,684,100 | 1,632,300 | 1,646,700 |
| Payables | US$ in thousands | 138,500 | 126,100 | 159,500 | 167,700 | 170,900 | 158,400 | 212,400 | 208,900 | 162,300 | 173,400 | 180,500 | 185,600 | 138,000 | 134,300 | 165,500 | 168,300 | 153,600 | 187,900 | 188,900 | 226,400 |
| 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 |
May 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,595,200K ÷ $138,500K
= 11.52
The payables turnover for Scholastic Corporation has varied over the past several reporting periods. The ratio indicates the efficiency with which the company is managing its accounts payable.
The trend shows that the payables turnover ratio has generally been fluctuating within a range, with some periods showing better performance than others. In the most recent quarter, the payables turnover was relatively high at 11.52, indicating that the company is able to pay off its suppliers more frequently within the year.
Over the past few years, there have been fluctuations in the payables turnover ratio, possibly due to changes in the company's payment terms, cash flow management, or operational efficiencies. It is important to note that a higher payables turnover ratio is generally seen as favorable, as it suggests that the company is efficiently managing its payables and potentially benefiting from early payment discounts.
Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Scholastic Corporation's payables turnover performance and its implications for the company's financial health and operational efficiency.
Peer comparison
May 31, 2024