Scholastic Corporation (SCHL)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	718,800	728,200	733,700	735,400	748,500	745,600	771,900	786,400	790,600	799,100	776,700	765,500	738,900	715,300	676,600	666,500	635,100	672,100	737,100	751,000
Inventory	US$ in thousands	270,800	282,000	310,300	264,200	282,500	302,300	353,200	334,500	367,500	380,400	379,100	281,400	299,400	279,300	298,100	269,700	304,800	306,500	323,200	270,600
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

February 28, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $718,800K ÷ $270,800K
= 2.65

The inventory turnover ratio of Scholastic Corporation exhibits a pattern of fluctuation over the analyzed period, indicating variability in inventory management efficiency. Starting from a ratio of approximately 2.78 as of May 31, 2020, the ratio decreased to a low of about 2.05 by August 31, 2022, implying periods of increased accumulation of unsold inventory or slower sales relative to inventory levels. Notably, there is a general upward trend thereafter, with ratios rising again to around 2.78 by May 31, 2024, suggesting improvements in inventory turnover and potentially more effective inventory management or increased sales velocity. Despite some minor fluctuations, the ratio stabilizes at higher levels in recent periods compared to the lows observed during 2022. Overall, the data indicates a recovery and enhancement in inventory turns, reflecting a tilt toward more efficient inventory utilization in the latter part of the period.

Peer comparison

Feb 28, 2025

Company name

Symbol

Inventory turnover

Scholastic Corporation

SCHL

2.65

John Wiley & Sons

WLY

19.42