Scholastic Corporation (SCHL)
Total asset 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 |
| Total assets | US$ in thousands | 1,671,200 | 1,715,200 | 1,833,500 | 1,772,300 | 1,866,700 | 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 | 2,033,600 | 1,948,400 | 2,031,700 | 1,944,600 |
| Total asset turnover | 0.95 | 0.96 | 0.90 | 0.94 | 0.91 | 0.90 | 0.84 | 0.85 | 0.85 | 0.78 | 0.73 | 0.69 | 0.64 | 0.58 | 0.61 | 0.71 | 0.73 | 0.86 | 0.82 | 0.86 |
May 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,587,800K ÷ $1,671,200K
= 0.95
The total asset turnover ratio for Scholastic Corporation has shown fluctuations over the past 20 quarters, ranging from a low of 0.58 to a high of 0.96. The ratio indicates how efficiently the company generates revenue from its assets, with values below 1 implying that the company is not generating enough sales relative to its assets.
In general, the trend of the total asset turnover ratio for Scholastic Corporation has shown variability, with no clear consistent pattern observed over the period analyzed. However, it is important to note that the ratio has been below 1 for most quarters, indicating that the company may not be utilizing its assets as efficiently as it could be to generate sales.
Further in-depth analysis into the reasons behind these fluctuations and potential strategies the company could implement to improve its asset utilization efficiency would be necessary to provide actionable insights for performance improvement.
Peer comparison
May 31, 2024