Scholastic Corporation (SCHL)
Working capital 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 current assets | US$ in thousands | 676,900 | 728,700 | 840,600 | 784,700 | 892,900 | 927,900 | 1,082,300 | 991,500 | 996,000 | 991,300 | 1,027,500 | 958,100 | 1,028,300 | 1,058,300 | 1,111,100 | 1,055,200 | 1,035,300 | 941,200 | 1,022,600 | 938,800 |
| Total current liabilities | US$ in thousands | 534,700 | 608,500 | 636,700 | 598,700 | 602,300 | 636,900 | 724,700 | 668,300 | 619,700 | 659,200 | 671,700 | 661,600 | 695,500 | 730,000 | 606,600 | 563,500 | 501,500 | 630,300 | 650,700 | 625,400 |
| Working capital turnover | 11.17 | 13.66 | 8.06 | 8.98 | 5.86 | 5.81 | 4.78 | 5.09 | 4.36 | 4.58 | 4.09 | 4.51 | 3.89 | 3.60 | 2.53 | 2.99 | 2.79 | 5.38 | 4.47 | 5.32 |
May 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,587,800K ÷ ($676,900K – $534,700K)
= 11.17
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates better efficiency in managing working capital.
Looking at the historical data for Scholastic Corporation, we can see fluctuations in the working capital turnover ratio over time. The ratio has generally been increasing since November 2020, indicating an improvement in the company's working capital management efficiency.
In the most recent period ending in May 2024, the working capital turnover ratio stands at 11.17, which indicates that for every dollar of working capital invested, the company generated $11.17 in sales revenue. This suggests a significant improvement in working capital efficiency compared to earlier periods.
Overall, the trend in Scholastic Corporation's working capital turnover ratio shows an upward trajectory, suggesting that the company has been effectively managing its working capital to drive sales growth. It is essential for investors and stakeholders to monitor this ratio to ensure continued efficiency in working capital utilization.
Peer comparison
May 31, 2024