Scholastic Corporation (SCHL)
Days of inventory on hand (DOH)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.94 | 2.65 | 2.58 | 2.36 | 2.78 | 2.65 | 2.47 | 2.19 | 2.35 | 2.15 | 2.10 | 2.05 | 2.72 | 2.47 | 2.56 | 2.27 | 2.47 | 2.08 | 2.19 | 2.28 | |
| DOH | days | 124.08 | 137.51 | 141.35 | 154.37 | 131.13 | 137.76 | 147.99 | 167.01 | 155.25 | 169.67 | 173.75 | 178.15 | 134.18 | 147.90 | 142.52 | 160.81 | 147.70 | 175.17 | 166.45 | 160.04 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.94
= 124.08
The days of inventory on hand (DOH) for Scholastic Corporation have exhibited notable fluctuations over the analyzed period from August 2020 through May 2025. At the beginning of this timeframe, the DOH stood at approximately 160.04 days in August 2020, indicating a relatively high level of inventory relative to sales activity. This figure increased to 166.45 days in November 2020 and further elevated to 175.17 days by February 2021. Such increases suggest that inventory was being held longer during this period, possibly due to slower inventory turnover or strategic stock accumulation.
Subsequently, there was a decline observed in the second quarter of 2021, with DOH dropping to around 147.70 days in May 2021, indicating improved inventory efficiency. This downward trend continued into 2022, with the DOH reaching a low of approximately 134.18 days in May 2022, representing a significant reduction (nearly 41 days less than the peak in February 2021). This period reflects increased inventory turnover rates and possibly more effective inventory management.
However, this efficiency was not sustained, as the DOH rose again substantially to 178.15 days in August 2022 and persisted at high levels through late 2022 and early 2023, peaking at 173.75 days in November 2022. The subsequent decline began in early 2023, with a marked reduction to 137.76 days by February 2024, indicating an improvement in inventory turnover. This trend continued into 2025, with the DOH reaching a low of approximately 124.08 days in May 2025, suggesting a further improvement in inventory management efficiency.
Overall, Scholastic's DOH has demonstrated periods of both increasing and decreasing inventory holding durations, with a general trend toward decreasing days on hand from the peak levels witnessed between 2022 and 2023. The fluctuations likely reflect changes in inventory management strategies, sales demand, supply chain efficiency, or product mix over the analyzed period.
Peer comparison
May 31, 2025