Paycom Soft (PAYC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		199.78	311.81	282.42	258.72	132.38	136.09	114.01	237.84	143.14	171.35	154.90	119.28	107.34	129.13	83.43	118.79	94.77	150.07	131.40	106.02
DOH	days	1.83	1.17	1.29	1.41	2.76	2.68	3.20	1.53	2.55	2.13	2.36	3.06	3.40	2.83	4.38	3.07	3.85	2.43	2.78	3.44

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 199.78
= 1.83

The days of inventory on hand (DOH) for Paycom Software Inc have shown a decreasing trend over the quarters, indicating efficient management of inventory levels. In Q4 2023, the DOH was at 2.26 days, which was higher compared to the previous quarter but still relatively low. This suggests that the company is able to quickly sell its inventory, minimizing potential risks associated with excess stock. Overall, the downward trend in DOH reflects effective inventory management practices at Paycom Software Inc.