Stride Inc (LRN)

Days of inventory on hand (DOH)

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		50.15	86.25	91.40	80.68	47.20	74.71	69.79	58.58	44.12	64.81	64.57	61.45	37.22	46.78	43.04	46.42	36.23	51.82	49.50	47.86
DOH	days	7.28	4.23	3.99	4.52	7.73	4.89	5.23	6.23	8.27	5.63	5.65	5.94	9.81	7.80	8.48	7.86	10.07	7.04	7.37	7.63

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 variability over the past several quarters. The company's DOH ranged from a low of 3.99 days to a high of 10.07 days during the observation period. On average, Stride Inc held inventory for approximately 6 to 8 days before it was sold.

A decreasing trend in the DOH can be observed from the most recent quarter compared to the earlier quarters, indicating that the company is managing its inventory more efficiently. It is essential to monitor and analyze inventory management practices continuously to ensure optimal utilization of resources and improve overall operational efficiency.