Scholastic Corporation (SCHL)
Total asset 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 |
| Total assets | US$ in thousands | 2,040,400 | 1,961,300 | 2,036,800 | 1,960,000 | 1,756,100 | 1,715,200 | 1,833,500 | 1,772,300 | 1,868,300 | 1,877,500 | 2,034,000 | 1,931,700 | 1,940,800 | 1,940,500 | 1,980,700 | 1,925,300 | 2,008,300 | 2,035,000 | 2,106,900 | 2,056,300 |
| Total asset turnover | 0.80 | 0.81 | 0.78 | 0.82 | 0.91 | 0.96 | 0.90 | 0.94 | 0.91 | 0.90 | 0.84 | 0.85 | 0.85 | 0.79 | 0.74 | 0.70 | 0.65 | 0.58 | 0.61 | 0.71 |
May 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,625,500K ÷ $2,040,400K
= 0.80
The total asset turnover ratio for Scholastic Corporation exhibits a general upward trend from August 31, 2020, through February 28, 2023, indicating an increasing efficiency in generating sales relative to the company's asset base during this period. Specifically, the ratio rose from 0.71 in August 2020 to a peak of 0.96 in February 2024, suggesting that the company has experienced improved utilization of its assets to generate revenue over time.
Between August 2020 and May 2021, the ratio demonstrated fluctuations, declining from 0.71 to a low of 0.58 in February 2021, then recovering to 0.65 by May 2021. This could reflect transient operational challenges or changes in the company's asset structure during that period. Subsequently, from May 2021 onward, there was a consistent upward trajectory in the ratio, reaching above 0.90 in early 2024, which signifies that Scholastic has become increasingly efficient in leveraging its assets to produce sales.
Notably, the ratio experienced a slight decline after reaching the peak of 0.96 in February 2024, dropping to 0.91 in May 2024 and further decreasing to 0.82 by August 2024. This decline might indicate a temporary reduction in asset efficiency, perhaps due to investments in new assets, seasonal factors, or strategic shifts. Nonetheless, the ratio remained relatively high, implying sustained operational effectiveness.
By the end of the period, the ratio stabilized around 0.80 to 0.82, reflecting a potential normalization phase after a period of growth. Overall, the progression of the total asset turnover ratio suggests that Scholastic Corporation has substantially enhanced its ability to convert its assets into sales over the observed timeline, with periods of fluctuation that align with strategic or operational variations.
Peer comparison
May 31, 2025