Scholastic Corporation (SCHL)
Days of inventory on hand (DOH)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.04 | 4.78 | 5.53 | 4.91 | 5.82 | |
| DOH | days | 60.45 | 76.42 | 65.98 | 74.41 | 62.69 |
May 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.04
= 60.45
The days of inventory on hand (DOH) for Scholastic Corporation have shown fluctuating trends over the past five years. In 2024, the DOH is reported at 60.45 days, indicating that, on average, the company holds its inventory for approximately 60 days before it is sold. This represents an improvement from the previous year, where the DOH was higher at 76.42 days.
Comparing to 2022 and 2021, the DOH figures were relatively consistent at 65.98 days and 74.41 days, respectively. In 2020, the DOH was at 62.69 days, similar to the current year's level.
A lower DOH is generally considered favorable as it suggests that the company is managing its inventory efficiently, turning over goods more quickly and minimizing carrying costs. It appears that Scholastic Corporation has made progress in optimizing its inventory management in 2024 compared to the previous year. Monitoring this trend over time can provide insights into the company's inventory management effectiveness and operational performance.
Peer comparison
May 31, 2024