To take stock means to assess or evaluate a situation or one's progress, typically after a period of time.
When do you use "Take stock"?
Use this phrase when you want to indicate that someone is reflecting on their current situation, evaluating their progress, or reassessing their goals, particularly after a significant event or period.
"Take stock" Usage Examples
After the project ended, we decided to take stock of what went well and what could be improved for next time.
She took stock of her career choices and realized it was time to make a change.
At the end of the year, I like to take stock of my finances and set new goals for the upcoming year.
It's important to take stock of your relationships periodically to ensure they are healthy and fulfilling.
The team took stock of their achievements before planning for the next phase of the project.
"Take stock" Explained
The phrase 'take stock' originates from the financial and inventory management practices where businesses would conduct a stocktaking or inventory check to determine the quantity and value of their goods. This practice allows for a clear understanding of what is available and necessary for future planning. Over time, the phrase has evolved to apply to personal and professional situations where individuals or groups reflect on their circumstances or progress.