Performance Food Group Co (PFGC)
Days of inventory on hand (DOH)
| Sep 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.25 | 16.72 | 15.53 | 14.65 | 15.18 | 15.81 | 15.19 | 14.98 | 13.44 | 13.38 | 11.25 | 10.60 | 14.83 | 15.64 | 16.21 | 15.25 | 14.52 | 12.55 | 15.16 | 13.53 | |
| DOH | days | 25.62 | 21.84 | 23.51 | 24.91 | 24.05 | 23.08 | 24.03 | 24.37 | 27.15 | 27.29 | 32.46 | 34.45 | 24.62 | 23.34 | 22.52 | 23.94 | 25.14 | 29.08 | 24.07 | 26.97 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.25
= 25.62
Performance Food Group Co's days of inventory on hand (DOH) has fluctuated over the past few quarters. The company's DOH ranged from as low as 21.84 days to as high as 34.45 days during the period under review.
The trend indicates some variability in managing inventory levels efficiently. A lower DOH suggests that the company is selling its inventory quickly, which can be a positive sign of operational efficiency. On the other hand, a higher DOH may indicate overstocking or slower inventory turnover, which could tie up capital and lead to potential obsolescence risks.
It is essential for Performance Food Group Co to closely monitor its inventory levels and strive to strike a balance between having enough stock to meet customer demand while avoiding excessive holding costs. Further analysis and comparison with industry benchmarks can provide more insights into the company's inventory management practices.
Peer comparison
Sep 30, 2024