Stride Inc (LRN)

Days of inventory on hand (DOH)

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Inventory turnover		38.90	62.24	65.10	58.44	34.74	59.03	62.41	55.26	32.42	50.97	47.51	39.82	30.28	44.34	43.85	41.60	25.24	32.21	29.84	32.26
DOH	days	9.38	5.86	5.61	6.25	10.51	6.18	5.85	6.60	11.26	7.16	7.68	9.17	12.05	8.23	8.32	8.77	14.46	11.33	12.23	11.31

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 38.90
= 9.38

Stride Inc’s days of inventory on hand (DOH) have exhibited notable fluctuations over the observed period from September 2020 through June 2025.

During the initial phase, the DOH hovered around 11 to 12 days in late 2020 and early 2021, with a slight increase reaching approximately 14.46 days in June 2021. Subsequently, a significant decline occurred, with the DOH decreasing to approximately 8.77 days by September 2021 and further stabilizing around 8.3 days through March 2022. This period reflects an improved inventory management strategy, resulting in shorter inventory holding periods.

From mid-2022 onwards, the DOH fluctuated between approximately 7.16 days and 12.05 days, with notable dips in late 2022 and early 2023, reaching as low as around 7.16 days in March 2023. The data indicates a trend toward more efficient inventory turnover during this interval, although some variability persisted.

In the latter part of 2023 and into 2024, the DOH decreased further, reaching a low of approximately 5.61 days by December 2024. This suggests a period of optimized inventory management and rapid inventory turnover. However, the DOH experienced an uptick to about 10.51 days in June 2024 before returning to approximately 6.25 days in September 2024 and marginally increasing to around 5.86 days in March 2025.

Overall, the pattern indicates that Stride Inc has generally maintained a relatively short inventory holding period, consistently below 12 days in recent years, with a trend toward shorter DOH in late 2023 and 2024. The fluctuations may reflect seasonal variations, changes in product demand, supply chain efficiencies, or strategic inventory adjustments. The recent trend toward lower DOH figures suggests a focus on reducing inventory levels and increasing turnover efficiency, although occasional increases may indicate periods of inventory accumulation or strategic stockpiling.