Scholastic Corporation (SCHL)
Receivables turnover
| 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 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,487,100 |
| Receivables | US$ in thousands | 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 | 329,800 |
| Receivables turnover | 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 | 4.51 |
February 28, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,592,100K ÷ $327,300K
= 4.86
The receivables turnover ratio of Scholastic Corporation exhibits notable fluctuations over the period analyzed. Starting from 4.51 as of May 31, 2020, the ratio experienced a modest increase to 4.55 in August 2020, followed by a decline to 3.22 by November 30, 2020. This downward trend persisted into February 28, 2021, with a ratio of 3.49, and remnants around similar levels through mid-2021, indicating a period of slower receivables collection and potentially extended credit periods.
Subsequently, the ratio demonstrated a gradual improvement, reaching 3.77 in May 2021 before experiencing a sharp increase to 4.81 in August 2021, and extending to 3.82 in November 2021. The upward momentum continued into early 2022, with the ratio rising to 4.93 in February and subsequently climbing to 5.04 in May 2022. The most significant growth was observed in August 2022, with the ratio reaching 5.81, suggesting a notable acceleration in receivables collections.
The ratio maintained its growth trend, reaching 4.71 in November 2022, and further increasing to 5.82 in February 2023, and 5.94 in May 2023, indicating continual improvement in collection efficiency. The ratio peaked at 8.27 as of August 31, 2023, reflecting a period of substantially quicker receivable turnover, possibly due to tighter credit policies or improved billing collections.
Thereafter, the ratio declined to 5.27 in November 2023, but resumed upward movement to 5.81 in February 2024 and further to 6.35 in May 2024. It then sustained a slight increase to 6.47 in August 2024 before decreasing again to 5.39 as of November 30, 2024. The most recent data point, as of February 28, 2025, shows a ratio of 4.86, indicating a temporary slowdown relative to the prior peak but still higher than initial levels observed in mid-2020.
Overall, the data suggests that Scholastic Corporation experienced periods of both slower and faster receivable collections over the analyzed timeframe, with recent ratios indicating relatively efficient receivables management compared to the early periods, although some variability reflects adjustments in credit and collection policies.
Peer comparison
Feb 28, 2025