FedEx Corporation (FDX)

The days of inventory on hand (DOH) for FedEx Corporation have demonstrated relatively stable fluctuations over the period from May 31, 2021, to May 31, 2025. Specifically, the DOH was recorded at 3.25 days in 2021, indicating that, on average, inventory was held for just over three days. In the subsequent year, it decreased slightly to 3.17 days in 2022, reflecting a marginal improvement in inventory efficiency or management. The downward trend continued into 2023, with the DOH further declining to 3.11 days, suggesting a slight reduction in the average inventory holding period.

However, this decreasing trend did not persist beyond 2023. In 2024, the DOH increased again to 3.26 days, aligning closely with the earlier levels observed in 2021. The following year, 2025, saw a modest upward movement to 3.40 days, indicating a slight elongation in inventory holding periods.

Overall, the data reveals that FedEx has maintained a relatively consistent inventory turnover cycle, with minor fluctuations around the three-day mark. The slight increases in 2024 and 2025 could suggest a strategic decision to hold inventory longer, possibly to accommodate changes in supply chain logistics, customer demand, or operational considerations. Conversely, the reductions in previous years might have been aimed at improving inventory efficiency, reducing holding costs, or responding to market conditions. These stable yet minimally fluctuating DOH figures reflect a disciplined inventory management approach suited to the nature of FedEx’s logistics and package delivery operations.