Scholastic Corporation

NASDAQ SCHL

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Scholastic Corporation Gross Working Capital 3 year CAGR for the year ending May 31, 2023: -27.49%

Scholastic Corporation Gross Working Capital 3 year CAGR is -27.49% for the year ending May 31, 2023, a -412.28% change year over year. Gross working capital is a financial metric that represents the amount of a company's current assets available to cover its current liabilities and short-term debt obligations. It is calculated by subtracting the sum of current liabilities and short-term debt from the total current assets of a company. Gross working capital provides insights into a company's short-term liquidity and its ability to meet its financial obligations in the near future. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Scholastic Corporation Gross Working Capital for the year ending May 31, 2022 was USD 349.00 M, a 179.42% change year over year.
Scholastic Corporation Gross Working Capital for the year ending May 31, 2021 was USD 124.90 M, a -75.17% change year over year.
Scholastic Corporation Gross Working Capital for the year ending May 31, 2020 was USD 503.10 M, a 22.17% change year over year.
Scholastic Corporation Gross Working Capital for the year ending May 31, 2019 was USD 411.80 M, a -18.39% change year over year.

NASDAQ: SCHL

Scholastic Corporation

CEO	Ms. Iole Lucchese
IPO Date	May 12, 1987
Location	United States
Headquarters	557 Broadway, New York, NY, United States, 10012
Employees	4,980
Sector	Communication Services
Industry	Publishing

Description

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel. Its original publications include the Harry Potter, Hunger Games, Bad Guys, Baby-Sitters Club graphic novels, Magic School Bus, Captain Underpants, Dog Man, Wings of Fire, Cat Kid Comic Club, Goosebumps, and Clifford The Big Red Dog; and licensed properties comprise the Peppa Pig and Pokemon. In addition, this segment publishes and creates books plus and novelty products for children, including titles, such as the Pastel Studio, Mini Clay World Candy Cart, LEGO Gear Bots, Never Touch series, and other titles under the Klutz and the Make Believe Ideas names; and non-fiction books under the Children's Press and Franklin Watts names. The Education Solutions segment publishes and distributes classroom magazines under the Scholastic News, Scholastic Scope, Storyworks, Let's Find Out, and Junior Scholastic names; supplemental and classroom materials and programs, and related support services; and print and on-line reference, and non-fiction products, as well as consulting services. The International segment publishes and distributes English and French language children's books; and operates school-based marketing channels, as well as supply original and licensed children's books, and supplemental educational materials including professional books for teachers. The company distributes its products and services directly to schools and libraries through retail stores and the Internet. Scholastic Corporation was founded in 1920 and is headquartered in New York, New York.

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