Scholastic Corporation (SCHL)
Total asset turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,587,800 | 1,702,600 | 1,640,000 | 1,294,100 | 1,487,100 |
| Total assets | US$ in thousands | 1,671,200 | 1,866,700 | 1,940,800 | 2,008,300 | 2,033,600 |
| Total asset turnover | 0.95 | 0.91 | 0.85 | 0.64 | 0.73 |
May 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,587,800K ÷ $1,671,200K
= 0.95
Scholastic Corporation's total asset turnover ratio has shown a fluctuating trend over the past five years. The ratio increased from 0.73 in 2020 to 0.95 in 2024, indicating that the company generated $0.95 in net sales for every dollar of assets held. This improvement suggests that Scholastic has been more effective in utilizing its assets to generate revenue. The rising trend in total asset turnover reflects a potential increase in operational efficiency and productivity within the company. Overall, the upward trend in the total asset turnover ratio indicates an improvement in Scholastic Corporation's asset management and revenue generation capabilities.
Peer comparison
May 31, 2024