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.
Peer comparison
Jun 30, 2024