Paylocity Holdng (PCTY)

Days of inventory on hand (DOH)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover — — — — — — 0.12 0.15 0.14 0.11 0.10 — 0.07 — — — — — — —
DOH days — — — — — — 3,055.08 2,481.85 2,684.52 3,438.72 3,492.59 — 5,147.20 — — — — — — —

June 30, 2025 calculation

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

The data on Paylocity Holding's days of inventory on hand (DOH) indicates that, for most periods, DOH data is not available or not applicable, with several entries marked as "— days." Notably, significant figures emerge starting from June 30, 2022, when DOH is recorded at approximately 5,147.20 days. This unusually high figure suggests either an accounting anomaly, data truncation error, or a misinterpretation of the metric, as such a duration does not align with typical inventory turnover in a SaaS or technology-based services company.

Following this peak, subsequent reported DOH figures decrease considerably, with December 31, 2022, showing approximately 3,492.59 days; March 31, 2023, roughly 3,438.72 days; June 30, 2023, around 2,684.52 days; and September 30, 2023, about 2,481.85 days. These decreasing trends could indicate improved inventory management, or possibly reflect more reasonable or refined reporting metrics. Additional data from December 31, 2023, reports approximately 3,055.08 days, suggesting some fluctuation but generally lower levels than the previous years.

Overall, the DOH figures reveal a pattern characterized by an initial absence of data, a dramatic spike starting in mid-2022, followed by declines that may indicate a correction or normalization process. Given conventional patterns for technology or SaaS firms, such elevated or fluctuating figures are atypical, which warrants further investigation into the underlying accounting practices or the definitions used for inventory in this context.