Scholastic Corporation (SCHL)
Inventory turnover
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 784,500 | 705,100 | 786,400 | 765,500 | 666,500 |
| Inventory | US$ in thousands | 250,200 | 264,200 | 334,500 | 281,400 | 269,700 |
| Inventory turnover | 3.14 | 2.67 | 2.35 | 2.72 | 2.47 |
May 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $784,500K ÷ $250,200K
= 3.14
The inventory turnover ratios for Scholastic Corporation over the specified period demonstrate a pattern of fluctuation with an overall upward trend. As of May 31, 2021, the ratio stood at 2.47, indicating that the company sold and replenished its inventory approximately 2.47 times during the fiscal year. This ratio increased to 2.72 by May 31, 2022, suggesting an improvement in inventory efficiency and a faster turnover rate. However, in the subsequent year, the ratio declined to 2.35 as of May 31, 2023, reflecting a slight decrease in inventory turnover, which could imply slower sales or excess inventory relative to sales during that period.
The upward movement resumed by May 31, 2024, reaching 2.67, indicating a recovery in inventory turnover and possibly enhanced sales performance or inventory management. The most recent ratio recorded on May 31, 2025, further improved to 3.14, marking the highest level in the analyzed timeframe. This significant increase suggests that the company efficiently managed its inventory, leading to more frequent sales cycles and potentially improved liquidity.
Overall, the trend in Scholastic Corporation's inventory turnover ratio indicates a trajectory toward more efficient inventory management, with notable fluctuations that are reflective of changing operational conditions, sales performance, and inventory control strategies across the analyzed years.
Peer comparison
May 31, 2025