Scholastic Corporation (SCHL)

Days of inventory on hand (DOH)

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 May 31, 2020
Inventory turnover 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 2.78
DOH days 137.51 141.35 154.37 131.13 137.76 147.99 167.01 155.25 169.67 173.75 178.15 134.18 147.90 142.52 160.81 147.70 175.17 166.45 160.04 131.52

February 28, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.65
= 137.51

The analysis of Scholastic Corporation's days of inventory on hand (DOH) over the specified periods indicates notable fluctuations and underlying trends in inventory management and operational efficiency.

Starting from May 31, 2020, the DOH was approximately 131.52 days, which suggests a relatively efficient inventory turnover at that time. However, within the following quarter ending August 31, 2020, there was a significant increase to 160.04 days, coinciding with a period of operational adjustments possibly related to pandemic-related disruptions. This rise continued further, reaching 166.45 days by November 30, 2020, implying a slowing in inventory turnover, which may reflect increased inventory holdings relative to sales or delays in inventory selling cycles.

Moving into early 2021, the DOH peaked at 175.17 days by February 28, 2021, indicating a temporary accumulation of inventory. Despite a subsequent decrease to 147.70 days by May 31, 2021, the figure again increased slightly to 160.81 days by August 31, 2021. These fluctuations suggest ongoing adjustments in inventory levels in response to market demand, supply chain conditions, or product mix changes.

In the subsequent periods, there was a general downward trend from the high levels seen in late 2021; by May 31, 2022, the DOH decreased to 134.18 days, signaling improvements in inventory turnover. However, notable increases occurred later, with the DOH reaching 178.15 days on August 31, 2022, and remaining elevated at 173.75 days as of November 30, 2022, which may point to inventory stockpiling or slower sales in that period.

Between 2023 and early 2024, the DOH generally decreased, reaching a low of 137.76 days on February 29, 2024, and further declining to 131.13 days by May 31, 2024, suggesting enhanced efficiency. Nonetheless, the figure rose again to 154.37 days on August 31, 2024, before decreasing slightly to 141.35 days by November 30, 2024. The latest data point from February 28, 2025, shows a slightly decreased DOH of 137.51 days.

Throughout this period, Scholastic's DOH exhibits cyclical patterns influenced likely by seasonal demand, product shifts, and supply chain dynamics. The considerable variation—from a low of approximately 131 days to a high approaching 178 days—reflects periods of both inventory accumulation and clearance. Overall, the trend demonstrates an evolving inventory management strategy responsive to external market conditions, with periods of efficiency improvements intermingled with times of inventory buildup.


Peer comparison

Feb 28, 2025

Company name
Symbol
DOH
Scholastic Corporation
SCHL
137.51
John Wiley & Sons
WLY
18.79