John Wiley & Sons (WLY)
Inventory turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 444,307 | 469,975 | 522,935 | 571,549 | 606,503 | 644,051 | 660,923 | 675,611 | 692,541 | 705,388 | 704,253 | 708,733 | 700,658 | 681,691 | 666,411 | 646,482 | 625,335 | 607,889 | 604,177 | 592,737 |
| Inventory | US$ in thousands | 22,875 | 25,305 | 27,103 | 25,846 | 26,219 | 28,377 | 30,131 | 30,289 | 30,733 | 33,167 | 34,447 | 33,422 | 36,585 | 39,726 | 39,725 | 40,392 | 42,538 | 40,685 | 42,169 | 45,051 |
| Inventory turnover | 19.42 | 18.57 | 19.29 | 22.11 | 23.13 | 22.70 | 21.93 | 22.31 | 22.53 | 21.27 | 20.44 | 21.21 | 19.15 | 17.16 | 16.78 | 16.01 | 14.70 | 14.94 | 14.33 | 13.16 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $444,307K ÷ $22,875K
= 19.42
The inventory turnover ratio for John Wiley & Sons demonstrates a consistent upward trend over the analyzed period, suggesting improvements in inventory management efficiency. Starting at 13.16 times as of July 31, 2020, the ratio steadily increased, reaching a peak of approximately 23.13 times by April 30, 2024. This indicates that the company has been increasingly effective at converting its inventory into sales, reflecting enhanced inventory utilization and potentially improved sales performance.
Between the initial period (July 2020) and the subsequent periods into 2024, the ratio exhibited gradual acceleration, with notable increases from 14.33 times in October 2020 to over 21 times by January 2022. The most significant growth appears between July 2021 (16.01) and April 2022 (19.15), emphasizing technological or operational improvements in inventory turnover.
Following the peak in April 2024, a slight decline is observed, with the ratio decreasing to 19.29 by October 2024 and further to 18.57 by January 2025. Despite this minor reduction, the ratio remains comparatively high relative to earlier periods, indicating sustained efficiency in managing inventories.
Overall, the trend suggests that John Wiley & Sons has successfully enhanced its inventory management practices over the analyzed timeframe, leading to quicker inventory cycles and better alignment with sales demand. The fluctuations around the peak may reflect short-term operational adjustments or seasonal factors but do not significantly alter the overarching positive trajectory in inventory turnover efficiency.
Peer comparison
Apr 30, 2025
Apr 30, 2025