Scholastic (Scholastic) Days Payable

: 87.63 (As of Feb. 2024)

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Scholastic's average Accounts Payable for the three months ended in Feb. 2024 was $143 Mil. Scholastic's Cost of Goods Sold for the three months ended in Feb. 2024 was $149 Mil. Hence, Scholastic's Days Payable for the three months ended in Feb. 2024 was 87.63.

The historical rank and industry rank for Scholastic's Days Payable or its related term are showing as below:

SCHL' s Days Payable Range Over the Past 10 Years
Min: 62.6 Med: 75.63 Max: 92.24
Current: 77.92

During the past 13 years, Scholastic's highest Days Payable was 92.24. The lowest was 62.60. And the median was 75.63.

SCHL's Days Payable is ranked worse than
51.68% of 925 companies
in the Media - Diversified industry
Industry Median: 82.44 vs SCHL: 77.92

Scholastic's Days Payable declined from Feb. 2023 (105.01) to Feb. 2024 (87.63). It may suggest that Scholastic accelerated paying its suppliers.

Scholastic Days Payable Historical Data

The historical data trend for Scholastic's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Scholastic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

92.24

89.77

84.65

71.59

77.33

Scholastic Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																105.01	68.17	118.84	63.77	87.63

Competitive Comparison

For the Publishing subindustry, Scholastic's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Scholastic Days Payable Distribution

For the Media - Diversified industry and Communication Services sector, Scholastic's Days Payable distribution charts can be found below:

* The bar in red indicates where Scholastic's Days Payable falls into.

Scholastic Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Scholastic's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (162.3	+	170.9)	/	2 )	/	786.4	*	365
=	166.6					/	786.4	*	365
=	77.33

Scholastic's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (159.5	+	126.1)	/	2 )	/	148.7	*	365 / 4
=	142.8					/	148.7	*	365 / 4
=	87.63

Scholastic Days Payable Related Terms

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Scholastic (Scholastic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Scholastic Corp (NAS:SCHL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

557 Broadway, New York, NY, USA, 10012

Website

https://www.scholastic.com

Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.

Executives

John L Davies	director	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Warwick Peter	director	C/O SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Sasha Quinton	officer: President, Book Fairs	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Linda Li	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Paul Hukkanen	officer: Chief Accounting Officer	C/O CORPORATE SECRETARY, SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Verdell Walker	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10019
Robert Louis Dumont	director	C/O SCHOLASTIC INC., 557 BROADWAY, NEW YORK NY 10012
Rose Else-mitchell	officer: President, Education Solutions	C/O HMH; 125 HIGH STREET, BOSTON MA 02110
Richard Robinson	director, 10 percent owner, officer: CEO, Chairman and President	C/O SCHOLASTIC CORP, 555 BROADWAY, NEW YORK NY 10012-3999
Andres A Alonso	director	C/O LEGAL DEPT.,SCHOLASTIC CORPORATION, 557 BROADWAY, NEW YORK NY 10012
Judith Newman	officer: EVP, Pres., BK Clubs & E-Comm	C/O CORPORATE SECRETARY, SCHOLASTIC CORPORATION, NEW YORK NY 10012
Andrews S Hedden	director, officer: EVP, General Counsel	C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Alan J Boyko	officer: President, Schl Book Fairs	C/O CORPORATE SECRETARY,SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Mary Beech	director	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012
Satbir Bedi	officer: EVP, Chief Technology Officer	C/O CORPORATE SECRETARY, SCHOLASTIC, 557 BROADWAY, NEW YORK NY 10012