Palo Alto Networks Inc (PANW)

Days of inventory on hand (DOH)

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Inventory turnover		—	14.76	—	—	—
DOH	days	—	24.73	—	—	—

July 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the provided data, Palo Alto Networks Inc did not report the days of inventory on hand for fiscal years 2020, 2021, and 2022. However, for the fiscal year ended July 31, 2023, the company had an inventory turnover of approximately 24.73 days. This indicates that, on average, the company held inventory for about 24.73 days before selling it during that period.

The days of inventory on hand (DOH) ratio is a measure of how efficiently a company manages its inventory. A lower DOH ratio is generally favorable as it implies that the company is selling its inventory quickly and not holding onto excess inventory, which could tie up capital. Conversely, a higher DOH ratio may suggest that the company is struggling to sell its inventory, potentially leading to obsolescence or storage costs.

Without data for comparison to industry benchmarks or previous years, it is difficult to assess the trend of Palo Alto Networks Inc's inventory management efficiency. However, for the fiscal year 2023, the company's DOH of 24.73 days provides a snapshot of its inventory turnover efficiency during that period.