Scholastic (FRA:SL1) Accounts Payable & Accrued Expense : €334 Mil (As of Feb. 2024)

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What is Scholastic Accounts Payable & Accrued Expense?

Scholastic's quarterly accounts payable & accrued expense declined from Aug. 2023 (€366 Mil) to Nov. 2023 (€353 Mil) and declined from Nov. 2023 (€353 Mil) to Feb. 2024 (€334 Mil).

Scholastic's annual accounts payable & accrued expense increased from May. 2021 (€320 Mil) to May. 2022 (€397 Mil) but then declined from May. 2022 (€397 Mil) to May. 2023 (€374 Mil).

Scholastic Accounts Payable & Accrued Expense Historical Data

The historical data trend for Scholastic's Accounts Payable & Accrued Expense 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.

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Scholastic Accounts Payable & Accrued Expense Chart

Scholastic Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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360.64

324.89

319.74

396.94

373.52

Scholastic Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															380.05	373.52	365.70	352.97	334.28

Scholastic Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Scholastic (FRA:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Scholastic Corp (FRA:SL1) » Definitions » Accounts Payable & Accrued Expense

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SCHL:USA

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.

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