Paychex Inc (PAYX)

The days of inventory on hand (DOH) for Paychex Inc. as of May 31, 2021, was approximately 1,101.09 days. By May 31, 2023, this figure decreased somewhat to approximately 1,059.25 days. Data for May 31, 2022, and subsequent periods (2024 and 2025) are not available, indicated by placeholders.

This data suggests that over the period between 2021 and 2023, the company's inventory holding period experienced a modest reduction of approximately 42 days. Such a decrease may reflect efforts to optimize inventory management or shifts in operational efficiency; however, the persistent high DOH figures imply that inventory remains held for an extended duration relative to industry's standards or the company's historical performance. The absence of data for 2022, 2024, and 2025 limits comprehensive trend analysis, but the available figures indicate that Paychex continues to maintain a significant inventory holding period.