Paylocity Holdng (PCTY)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 498,223 | 441,729 | 367,039 | 287,002 | 219,298 |
| Inventory | US$ in thousands | — | -39,765 | 2,699,520 | 4,456 | 1,755,220 |
| Inventory turnover | — | — | 0.14 | 64.41 | 0.12 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $498,223K ÷ $—K
= —
The inventory turnover ratios for Paylocity Holding over the specified periods exhibit notable fluctuations. On June 30, 2021, the ratio was notably low at 0.12, indicating that the company held its inventory for an extended period before turnover, which could suggest excess inventory levels or slow-moving stock. In stark contrast, by June 30, 2022, the inventory turnover ratio surged to 64.41, representing a significant increase and indicating an extremely high rate of inventory sales and rapid inventory recovery within that period.
Following this peak, the ratio dramatically declined to 0.14 by June 30, 2023, reverting close to its 2021 levels, which may denote a slowdown in inventory activity, potential overstocking, or changes in inventory management strategies. The subsequent periods, June 30, 2024, and June 30, 2025, lack data entries for inventory turnover, precluding analysis of trends or shifts beyond 2023.
Overall, the pattern suggests volatile inventory management or variations in operational efficiency during this timeframe. The exceptionally high ratio in 2022 warrants further investigation into the company's operational context at that time, as such a figure is atypical and could indicate data anomalies or extraordinary circumstances influencing inventory handling.
Peer comparison
Jun 30, 2025