Scholastic Corporation (SCHL)
Days of inventory on hand (DOH)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.04 | 5.61 | 5.22 | 4.54 | 4.78 | 4.41 | 4.29 | 4.18 | 5.53 | 4.92 | 5.05 | 4.45 | 4.85 | 4.14 | 4.55 | 4.73 | 5.82 | 5.47 | 4.56 | 4.08 | |
| DOH | days | 60.45 | 65.10 | 69.93 | 80.36 | 76.42 | 82.72 | 85.03 | 87.25 | 65.98 | 74.16 | 72.23 | 81.94 | 75.24 | 88.19 | 80.30 | 77.21 | 62.69 | 66.69 | 80.01 | 89.46 |
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 fluctuations over the past two years, ranging from a low of 60.45 days to a high of 89.46 days. The trend indicates some variability in the company's ability to manage its inventory levels efficiently.
The average DOH over the period analyzed is approximately 75 days, suggesting that, on average, Scholastic holds about 75 days' worth of inventory on hand before it is sold.
A lower DOH value, such as the 60.45 days observed, may indicate efficient inventory management, with the company able to sell its inventory relatively quickly. On the other hand, a higher DOH value, such as the 89.46 days recorded, may suggest slower inventory turnover, potentially tying up capital and increasing carrying costs.
Overall, Scholastic Corporation should monitor its DOH closely to strike a balance between maintaining sufficient inventory levels to meet demand and minimizing the risk of excess or obsolete inventory. This analysis provides valuable insights into the company's inventory management practices and can help inform strategic decision-making in this area.
Peer comparison
May 31, 2024