Days Inventory is also known as Days Sales of Inventory (DSI). Stride's Average Total Inventories for the
three
months ended in Dec. 2023 was $21 Mil. Stride's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $304 Mil.
Hence, Stride's Days Inventory for the
three
months ended in Dec. 2023 was 6.20.
The historical rank and industry rank for Stride's Days Inventory or its related term are showing as below:
LRN'
s Days Inventory Range Over the Past 10 Years
Min: 7.48 Med: 16.38 Max: 25.08
Current: 7.48
During the past 13 years, Stride's highest Days Inventory was 25.08. The lowest was 7.48. And the median was 16.38.
LRN's Days Inventory is ranked better than 51.27% of 158
companies
in the Education industry
Industry Median: 8.33
vs LRN: 7.48
Stride's Days Inventory
declined
from Dec. 2022 (8.21) to Dec. 2023 (6.20).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Stride's Inventory Turnover for the
three
months ended in Dec. 2023 was 14.72.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Stride's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.04.
Stride Days Inventory Historical Data
The historical data trend for Stride's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Stride Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Days Inventory
15.37
15.33
12.39
12.67
11.15
Stride Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
8.21
7.24
8.73
8.68
6.20
Competitive Comparison
For the Education & Training Services subindustry, Stride's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Stride Days Inventory Distribution
For the Education industry and Consumer Defensive sector, Stride's Days Inventory distribution charts can be found below:
* The bar in red indicates where Stride's Days Inventory falls into.
Stride Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Stride's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Stride (NYSE:LRN) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Stride's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Stride's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Stride Days Inventory Related Terms
Thank you for viewing the detailed overview of Stride's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Stride Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.
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