Scholastic Corporation (SCHL)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 736,000 | 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 |
| Inventory | US$ in thousands | 250,200 | 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 |
| 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 |
May 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $736,000K ÷ $250,200K
= 2.94
The inventory turnover ratio for Scholastic Corporation has demonstrated fluctuations over the analyzed period, reflecting varying levels of inventory management efficiency. At the end of August 2020, the ratio was 2.28 times, indicating that inventory was sold and replaced approximately two and a quarter times during that period. This ratio experienced a slight decline to 2.19 by November 30, 2020, and further dipped to 2.08 by February 28, 2021, suggesting a modest slowdown in inventory turnover.
In subsequent periods, the ratio generally trended upward, reaching 2.47 by May 31, 2021, and maintaining similar levels through August 2021 at 2.27. Notably, the ratio increased again to 2.56 on November 30, 2021, indicating improved inventory movement, and persisted at or above this level into early 2022. The highest observed ratio within the data set was 2.78 as of May 31, 2022, implying a period of enhanced inventory efficiency.
Following this peak, the ratio declined to 2.05 by August 31, 2022, signaling a potential slowing in inventory turnover, but then gradually improved to 2.10 on November 30, 2022, and further to 2.15 by February 28, 2023. The trend again shifted upward, reaching 2.35 at the end of May 2023, and slightly decreasing to 2.19 by August 2023. The ratio resumed an upward trend thereafter, attaining a high of 2.47 on November 30, 2023, and continuing increased to 2.65 by February 29, 2024.
Most recently, the inventory turnover ratio displayed growth, culminating at 2.78 on May 31, 2024, followed by a slight decrease to 2.36 in August 2024. The latest figures show an upward trajectory, with the ratio reaching 2.58 by November 30, 2024, and further increasing to 2.65 by February 28, 2025. The projections for the near term suggest a continued positive trend in inventory efficiency, with an estimated ratio of 2.94 as of May 31, 2025.
Overall, Scholastic Corporation's inventory turnover ratio exhibits periods of both decline and growth but demonstrates a general trend towards improving inventory management efficiency over the analyzed timeframe. The fluctuations may reflect seasonal inventory adjustments, strategic shifts, or market dynamics, but the recent upward trajectory indicates a strengthening ability to sell and replenish inventory effectively.
Peer comparison
May 31, 2025
May 31, 2025