Stride Inc (LRN)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,843,069	1,814,576	1,782,815	1,754,972	1,732,972	1,709,755	1,672,157	1,635,537	1,588,557	1,554,628	1,545,967	1,528,441	1,477,351	1,348,036	1,231,644	1,114,505	1,025,426	1,014,606	993,561	981,878
Inventory	US$ in thousands	36,748	21,038	19,506	21,752	36,716	22,884	23,960	27,919	36,003	23,986	23,941	24,873	39,690	28,814	28,618	24,009	28,300	19,579	20,071	20,516
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

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,843,069K ÷ $36,748K
= 50.15

Stride Inc's inventory turnover has shown fluctuations over the past few quarters, ranging from a low of 36.23 to a high of 91.40. The inventory turnover has generally been above 50, indicating that the company is efficiently managing its inventory by selling and replenishing it quickly. A higher inventory turnover ratio suggests that the company is effectively managing its inventory levels, which can lead to lower storage costs and reduced risk of obsolete inventory.

The significant variation in the inventory turnover ratio over the quarters may indicate fluctuations in sales volume, changes in inventory management practices, or shifts in demand for the company's products. It is essential for Stride Inc to closely monitor its inventory turnover ratio to ensure optimal levels of inventory that align with sales demand.

Overall, the inventory turnover ratio of Stride Inc reflects a relatively efficient management of inventory, but the company should continue to assess and adjust its inventory practices to maintain optimal levels and support its operational efficiency.