Stride (Stride) Total Inventories

: $20 Mil (As of Dec. 2023)

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Stride's total inventories for the quarter that ended in Dec. 2023 was $20 Mil. Stride's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Stride's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stride's Days Inventory for the three months ended in Dec. 2023 was 6.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stride's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.04.

Stride Total Inventories Historical Data

The historical data trend for Stride's Total Inventories 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.

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Stride Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

29.95

28.30

39.69

36.00

36.72

Stride Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																23.96	22.88	36.72	21.75	19.51

Stride Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Stride (NYSE:LRN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Stride's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(354.387	+	0.75 * 509.635	+	0.5 * 19.506	-	749.518
-	0	-	0)	/	43.3837
=	-0.07

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Stride's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	20.629	/	303.694	*	365 / 4
	=	6.20

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Stride's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	303.694	/	20.629
	=	14.72

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	20.629	/	504.868
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Stride Total Inventories Related Terms

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Stride (Stride) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0AJ:Germany

Address

11720 Plaza America, 9th Floor, Reston, VA, USA, 20190

Website

https://www.stridelearning.com

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.

Executives

Robert Cohen	director	7900 HARKINS ROAD, LANHAM MD 20706
Eliza Mcfadden	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Les Ottolenghi	officer: Chief Info. & Tech. Officer	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Vincent Mathis	officer: EVP, General Counsel	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
James Jeaho Rhyu	director, officer: Chief Executive Officer	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Donna Blackman	officer: Chief Financial Officer	11720 PLAZA AMERICA DRIVE, 9TH FLOOR, RESTON VA 20190
Ralph R Smith	director	1615 WEST CHESTER PIKE, STE 200, WEST CHESTER PA 19382-7956
Allison Lawrence	director	11720 PLAZA AMERICA DRIVE, 9TH FLOOR, RESTON VA 20190
Joseph A Verbrugge	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Nathaniel A Davis	director, officer: Chairman and CEO	1500 ECKINGTON PLACE NE, WASHINGTON DC 20002
Shaun Mcalmont	officer: EVP, Career Technical Ed.	C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Kevin Chavous	director	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Timothy Medina	officer: Chief Financial Officer	2300 CORPORATE PARK DRIVE, HERNDON VA 20171
Victoria D Harker	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Howard D. Polsky	officer: General Counsel & Secretary	2300 CORPORATE PARK DRIVE, HERNDON VA 20171