Scholastic Corporation (SCHL)
Receivables turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,625,500 | 1,589,700 | 1,704,000 | 1,642,900 | 1,300,300 |
| Receivables | US$ in thousands | 273,400 | 250,200 | 286,900 | 326,200 | 344,900 |
| Receivables turnover | 5.95 | 6.35 | 5.94 | 5.04 | 3.77 |
May 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,625,500K ÷ $273,400K
= 5.95
The receivables turnover ratio of Scholastic Corporation demonstrates a trend of steady improvement over the four-year period from May 31, 2021, to May 31, 2025.
Beginning at a ratio of 3.77 in 2021, the metric increased significantly to 5.04 by 2022, indicating that the company was able to collect accounts receivable more efficiently. This upward movement continued into 2023, reaching a ratio of 5.94, further suggesting improvements in credit management and collection processes. The trend persisted into 2024, with the ratio reaching 6.35, which reflects an even higher rate of receivables turnover, implying shorter collection cycles and enhanced cash flow management.
In 2025, the ratio slightly declined to 5.95 but remained substantially higher than the 2021 level. This slight decrease could suggest a marginal slowdown in collection efficiency or changes in credit policies; however, the ratio still signifies a strong and relatively consistent receivables collection ability over the recent years.
Overall, the increasing trend from 2021 through 2024 indicates a positive development in Scholastic Corporation's receivables management, resulting in more frequent collection of receivables throughout the year. The slight reduction in 2025 suggests maintaining a close watch on credit and collection practices to sustain or improve collection efficiency.
Peer comparison
May 31, 2025