Paylocity Holdng (PCTY)

The Days of Inventory on Hand (DOH) for Paylocity Holding demonstrates significant fluctuations over the analyzed period. As of June 30, 2021, the DOH was recorded at 2,921.39 days, indicating an extremely prolonged period of inventory retention. This unusually high figure suggests either an anomaly in the data reporting or the presence of substantial inventory assets that are held for an extended duration, which would typically be unusual for a company operating in the software and SaaS industry.

By June 30, 2022, there was a substantial decline in DOH to 5.67 days, reflecting a dramatic reduction in inventory holding period. Given the nature of Paylocity’s operations, such a low number aligns more closely with expectations for a service-oriented company, where inventory levels are minimal or non-existent, confirming the transition towards a near-inventory-free business model.

By June 30, 2023, the DOH slightly increased to 2,684.52 days, yet this figure remains extraordinarily high and inconsistent with industry norms for a SaaS provider. The sharp decrease from the previous year could indicate data anomalies or a change in accounting practices, but the subsequent increase emphasizes potential reporting irregularities or extraordinary circumstances affecting the inventory figures.

For the subsequent years, 2024 and 2025, the data does not specify values, recorded as "— days," implying either missing data or that the measurements are not applicable or available at this time.

Overall, the evident disparity—particularly the exceedingly high DOH in 2021 and the subsequent dramatic decrease—suggests that the data may not accurately reflect typical inventory holding periods for Paylocity Holding. Instead, it highlights possible data inconsistencies or reporting issues, especially considering the company's core operational focus in SaaS and cloud-based solutions, where inventories are generally minimal.

Peer comparison

Jun 30, 2025