Scholastic Corporation (SCHL)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | -7,400 | 58,000 | 66,000 | 65,100 | 104,900 | 70,200 | 76,600 | 58,700 | 83,300 | -347,300 | -351,600 | -385,700 | -409,400 | -78,600 | -114,400 | -58,100 | -88,500 | -10,300 | 28,300 | 21,400 |
| 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 |
| Gross profit margin | -0.47% | 3.53% | 4.02% | 3.90% | 6.16% | 4.15% | 4.48% | 3.57% | 5.08% | -22.83% | -24.17% | -28.84% | -31.64% | -6.64% | -8.95% | -3.95% | -5.95% | -0.62% | 1.70% | 1.28% |
May 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-7,400K ÷ $1,587,800K
= -0.47%
The gross profit margin of Scholastic Corporation has shown fluctuations over the past few periods, ranging from negative figures to positive figures. From May 31, 2019, to May 31, 2022, the gross profit margins were generally positive, although there were periods of decline, especially in the most recent months leading up to May 31, 2024. This indicates that the company's ability to generate profits from its core operations has been inconsistent.
It is worth noting that there were significant declines in gross profit margins in the quarters ending February 28, 2022, and November 30, 2021, where the margins reached -22.83% and -24.17% respectively. These negative margins could be a cause for concern as they suggest that the company's cost of goods sold exceeded its revenues, leading to operating losses in those periods.
However, there has been an improvement in the gross profit margin in the recent quarters ending November 30, 2022, and February 29, 2024, where the margins were 4.48% and 3.53% respectively. This indicates that the company may have taken steps to control its costs and improve its pricing strategies, resulting in better profitability from its sales.
Overall, the trend in Scholastic Corporation's gross profit margins suggests a need for close monitoring of cost management and pricing strategies to sustain and improve profitability in the future.
Peer comparison
May 31, 2024