Scholastic Corporation (SCHL)
Inventory turnover
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,595,200 | 1,597,700 | 1,556,700 | 1,323,000 | 1,575,600 |
| Inventory | US$ in thousands | 264,200 | 334,500 | 281,400 | 269,700 | 270,600 |
| Inventory turnover | 6.04 | 4.78 | 5.53 | 4.91 | 5.82 |
May 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,595,200K ÷ $264,200K
= 6.04
Inventory turnover measures how efficiently Scholastic Corporation manages its inventory by determining the number of times the company sells and replenishes its inventory within a given period.
Over the past five years, Scholastic's inventory turnover has shown a fluctuating trend. In 2024, the inventory turnover ratio improved to 6.04 times, indicating that the company sold and replaced its inventory more frequently compared to the previous year. This suggests that Scholastic managed its inventory more efficiently in 2024.
In 2023, the inventory turnover was 4.78 times, which was lower than 2024 but higher than the ratios in 2022 and 2021. This indicates that Scholastic's inventory management was slightly less efficient in 2023 compared to 2024.
In 2022, the inventory turnover increased to 5.53 times, showing an improvement from the previous year. The ratio then decreased in 2021 to 4.91 times before rebounding in 2020 to 5.82 times. These fluctuations suggest varying degrees of efficiency in inventory management over the years.
Overall, Scholastic Corporation has shown some variability in its inventory turnover ratios in recent years, with fluctuations indicating changes in inventory management practices and sales performance. Monitoring this ratio can provide insights into the company's operational efficiency and effectiveness in managing inventory levels.
Peer comparison
May 31, 2024