Scholastic Corporation (SCHL)
Days of inventory on hand (DOH)
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.14 | 2.67 | 2.35 | 2.72 | 2.47 | |
| DOH | days | 116.41 | 136.76 | 155.25 | 134.18 | 147.70 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.14
= 116.41
The analysis of Scholastic Corporation’s days of inventory on hand (DOH) over the period from May 31, 2021, to May 31, 2025, reveals notable fluctuations and trends in inventory management efficiency.
In May 2021, the DOH was recorded at approximately 147.70 days, indicating the company held inventory for nearly five months before it was sold or used. This relatively high inventory holding period suggests a potential accumulation of stock or slower turnover during that time frame.
By May 31, 2022, the DOH decreased to approximately 134.18 days. This reduction of about 13.52 days reflects an improvement in inventory turnover, possibly due to enhanced sales performance, improved supply chain efficiency, or better inventory management practices.
However, the subsequent period shows an increase in DOH to approximately 155.25 days as of May 31, 2023, representing an elongation of inventory holding periods by about 21.07 days compared to the previous year. This increase implies that inventory management might have encountered challenges, such as slower sales, excess stock, or disruptions affecting inventory turnover.
Following this peak, a decline in DOH is observed by May 31, 2024, reaching approximately 136.76 days. This decline of nearly 18.49 days from the previous year indicates a partial recovery in inventory efficiency, potentially driven by strategic adjustments in sales or supply chain operations.
Finally, the DOH further decreases to approximately 116.41 days as of May 31, 2025. This significant reduction of about 20.35 days from the previous year suggests a notable improvement in inventory turnover rates, indicating that the company is effectively reducing inventory levels and increasing the speed of inventory completion cycles.
Overall, the data demonstrates fluctuating inventory management performance over the analyzed period. The initial decrease from 2021 to 2022 signifies improving efficiency, while the subsequent increase in 2023 indicates potential operational challenges. The later years show a trend toward more efficient inventory management, culminating in a substantial reduction by 2025, which could reflect successful strategic initiatives to optimize inventory levels and enhance turnover efficiency.
Peer comparison
May 31, 2025