Scholastic Corporation (SCHL)
Receivables turnover
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,625,500 | 1,592,100 | 1,580,400 | 1,598,400 | 1,589,700 | 1,643,100 | 1,644,300 | 1,669,600 | 1,704,000 | 1,690,100 | 1,709,700 | 1,646,000 | 1,642,900 | 1,529,900 | 1,462,900 | 1,344,900 | 1,300,300 | 1,182,900 | 1,278,700 | 1,469,700 |
| Receivables | US$ in thousands | 303,200 | 327,300 | 293,000 | 247,200 | 250,200 | 282,900 | 311,800 | 201,900 | 286,900 | 290,200 | 363,300 | 283,300 | 326,200 | 310,600 | 383,100 | 279,700 | 344,900 | 339,300 | 396,600 | 322,800 |
| Receivables turnover | 5.36 | 4.86 | 5.39 | 6.47 | 6.35 | 5.81 | 5.27 | 8.27 | 5.94 | 5.82 | 4.71 | 5.81 | 5.04 | 4.93 | 3.82 | 4.81 | 3.77 | 3.49 | 3.22 | 4.55 |
May 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,625,500K ÷ $303,200K
= 5.36
The receivables turnover ratio for Scholastic Corporation exhibits notable fluctuations over the analyzed period, indicating variable efficiency in collecting accounts receivable. Starting from August 31, 2020, with a ratio of 4.55, there was a decline through November 30, 2020, settling at 3.22, suggesting a slowdown in collection efficiency during that period. This trend continued into February 28, 2021, with a slight recovery to 3.49, and further improvements were seen by May 31, 2021, reaching 3.77.
From August 31, 2021, onward, a consistent upward trend is observed, with the ratio increasing to 4.81, then maintaining a steady improvement to 4.93 on February 28, 2022, and further to 5.04 by May 31, 2022. The upward momentum persisted, with the ratio climbing to 5.81 on August 31, 2022, and reaching 5.82 on February 28, 2023. The pattern continued with a further increase to 5.94 in May 2023, and a significant spike to 8.27 on August 31, 2023, suggesting substantially faster collection of receivables during that quarter.
Post-August 2023, the ratio declines to 5.27 on November 30, 2023, indicating a potential slowdown or increased receivables outstanding. The ratio picks up again to 5.81 in February 2024 and rises further to 6.35 and 6.47 in May and August 2024, respectively. Subsequently, a decrease to 5.39 is noted in November 2024. The ratio remains relatively stable into early 2025, with values around 4.86 and 5.36.
Overall, the trend demonstrates periods of both improvement and decline, with the most notable increase occurring in August 2023. These fluctuations can reflect changes in credit policies, customer payment behavior, industry conditions, or strategic management decisions affecting receivables collection efficiency. The recent stabilization around ratios between 5 and 6 indicates a moderate-to-strong receivables turnover rate in the latest periods, signaling relatively efficient collection practices during these times, though the sharp rise earlier in 2023 warrants further investigation for underlying causes.
Peer comparison
May 31, 2025