Palo Alto Networks Inc (PANW)

The data indicates that Palo Alto Networks Inc did not report a measurable days of inventory on hand (DOH) for the fiscal years ending July 31, 2021, and July 31, 2022. This could imply that the company either maintained negligible or zero inventory levels during these periods, or that inventory was not a significant component of its operational strategy at that time, possibly due to the nature of its primarily software and services business model.

By July 31, 2023, the DOH is reported at approximately 64.83 days. This suggests a notable shift in inventory practices, reflecting the accumulation or valuation of inventory that aligns with a more tangible product inventory component or changes in supply chain and inventory management strategies. A DOH of this magnitude indicates that, on average, the company held inventory for about two months, which can be considered moderate depending on industry norms and the company's operational model.

The absence of reported DOH figures for July 31, 2024, and July 31, 2025, suggests that comparable data was not available or not disclosed. This absence makes it challenging to track the trend over time beyond the 2023 figure, but the progress from no reported inventory to about 65 days indicates a potential operational shift or the inclusion of additional inventory management considerations.

Overall, the reported 64.83 days of inventory on hand as of July 31, 2023, signifies a period during which the company held inventory in stock, marking a departure from previous periods of non-disclosure or negligible inventory levels, and potentially reflecting changes in logistics, supply chain management, or product offerings.