Stride Inc (LRN)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Inventory turnover		50.15	47.20	44.16	37.22	36.57
DOH	days	7.28	7.73	8.26	9.81	9.98

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 50.15
= 7.28

The Days of Inventory on Hand (DOH) for Stride Inc have shown a declining trend over the past five years. As of June 30, 2024, the company's DOH stood at 7.28 days, down from 7.73 days in the previous year and significantly lower compared to 9.98 days in June 2020.

This decreasing trend in the DOH indicates that the company has been managing its inventory more efficiently, taking less time to sell its inventory or turn it into sales. A lower DOH suggests that the company is maintaining leaner inventory levels, which can lead to cost savings by reducing holding costs and minimizing the risk of obsolete inventory.

The decreasing DOH can also indicate that Stride Inc has been improving its inventory management practices, optimizing its supply chain efficiency, and responding effectively to changes in customer demand. Overall, a declining trend in DOH is a positive signal of operational efficiency and effective inventory control within the company.