Scholastic Corporation (SCHL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,587,800 | 1,641,800 | 1,643,800 | 1,669,400 | 1,702,600 | 1,691,700 | 1,709,500 | 1,644,600 | 1,640,000 | 1,521,500 | 1,454,900 | 1,337,400 | 1,294,100 | 1,182,900 | 1,278,700 | 1,469,700 | 1,487,100 | 1,673,800 | 1,660,600 | 1,668,100 |
| Receivables | US$ in thousands | 250,200 | 282,900 | 323,400 | 235,300 | 286,900 | 290,200 | 363,300 | 283,300 | 326,200 | 310,600 | 383,100 | 279,700 | 344,900 | 339,300 | 396,600 | 322,800 | 329,800 | 281,200 | 325,100 | 226,100 |
| Receivables turnover | 6.35 | 5.80 | 5.08 | 7.09 | 5.93 | 5.83 | 4.71 | 5.81 | 5.03 | 4.90 | 3.80 | 4.78 | 3.75 | 3.49 | 3.22 | 4.55 | 4.51 | 5.95 | 5.11 | 7.38 |
May 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,587,800K ÷ $250,200K
= 6.35
The analysis of Scholastic Corporation's receivables turnover ratio over the past 20 periods reveals fluctuations in the efficiency of the company in collecting its accounts receivable. The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a specific period.
From November 2019 to May 2020, Scholastic Corporation's receivables turnover remained relatively stable above 4.5 times. However, in the subsequent periods, there was a noticeable increase in the turnover ratio, peaking at 7.38 in August 2020. This indicates that the company was more efficient in collecting its accounts receivable during these periods compared to the prior years.
Following the peak, there was a slight decline in the turnover ratio, with fluctuations observed between 4.51 and 5.95 times. Despite the fluctuations, the turnover ratios remained generally within a reasonable range, indicating that Scholastic Corporation was maintaining a satisfactory level of efficiency in collecting its receivables.
Overall, the trend in the receivables turnover ratio for Scholastic Corporation suggests that the company has managed its accounts receivable effectively in recent periods, with some variability in efficiency. Monitoring this ratio can help assess the company's ability to collect outstanding receivables promptly and manage its working capital efficiently.
Peer comparison
May 31, 2024