FedEx Corporation (FDX)

Based on the provided data, FedEx Corporation's Days of Inventory on Hand (DOH) have demonstrated a relatively stable trend over the specified period, with minor fluctuations. Starting from approximately 3.77 days as of August 31, 2020, the DOH declined steadily to reach approximately 3.08 days by August 31, 2021, indicating a reduction in inventory holding periods during this interval. This downward trend persisted into early 2022, with DOH fluctuating slightly around 3.09 to 3.17 days, suggesting consistent inventory management.

From late 2022 through mid-2023, the DOH remained relatively stable, oscillating around 3.16 to 3.23 days. Moving into late 2023 and early 2024, an incremental increase in DOH is observed, reaching approximately 3.47 days by February 29, 2024. This slight upward shift indicates that inventory is being held marginally longer compared to prior periods. The trend continues into mid-2024, with DOH reverting to around 3.31 to 3.34 days.

Overall, the data reveals that FedEx's inventory holding periods have been predominantly stable, with minor fluctuations within a narrow range of approximately 3.08 to 3.47 days. The recent small increase suggests a modest elongation in inventory duration, which could reflect adjustments in supply chain dynamics, inventory policies, or seasonal factors. The stability of DOH indicates effective inventory management strategies aimed at balancing operational efficiency with customer service levels.