Palo Alto Networks Inc (PANW)

The analysis of Palo Alto Networks Inc.'s days of inventory on hand (DOH) reveals a pattern characterized by significant data gaps before late 2022, during which DOH was reported as "— days," indicating either non-availability or negligible inventory levels. Starting from October 31, 2022, the DOH measurement was recorded at 77.28 days, reflecting the company's inventory management practices at that time.

Subsequent periods show a notable decrease in DOH, with January 31, 2023, indicating 61.47 days and April 30, 2023, at 61.11 days. This reduction suggests an improvement in inventory turnover rates, implying that the company was able to sell and replenish inventory more quickly as of early 2023. The slight increase to 64.83 days reported on July 31, 2023, and further stabilization at 62.47 days on October 31, 2023, indicate that inventory levels remained relatively stable during this period.

Overall, the trend from late 2022 onward points towards a period of inventory efficiency improvement, with DOH decreasing from a peak of over 77 days to around 61-64 days. This change could reflect strategic shifts in supply chain management, production, or sales cycles aimed at reducing excess inventory and optimizing working capital. Prior to late 2022, the absence of data precludes a comprehensive understanding of inventory trends, but the post-2022 figures suggest a transition toward more effective inventory management practices.