Performance Food Group Co (PFGC)

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 14.37 14.63 13.54 14.16 15.60 16.56 15.39 14.53 15.04 15.68 15.06 14.85 13.31 13.22 11.10 10.44 14.61 15.42 15.97 15.04
DOH days 25.39 24.94 26.95 25.78 23.40 22.04 23.72 25.13 24.26 23.28 24.23 24.57 27.42 27.62 32.89 34.98 24.98 23.67 22.86 24.27

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.37
= 25.39

The days of inventory on hand (DOH) for Performance Food Group Co over the specified periods exhibit a pattern characterized by fluctuations within a relatively narrow range. As of September 30, 2020, the DOH was approximately 24.27 days, indicating the average duration inventory remained on hand before sale. This metric decreased slightly to 22.86 days by December 31, 2020, and marginally increased in the subsequent quarter to 23.67 days as of March 31, 2021. During this early period, the DOH remained relatively stable, averaging around 24 days through June 30, 2021.

A notable increase occurred in the quarter ending September 30, 2021, where the DOH sharply rose to approximately 34.98 days, suggesting a significant buildup of inventory or a strategic change in inventory management during that timeframe. In the following quarter, the DOH decreased somewhat to 32.89 days but still reflected elevated inventory levels relative to earlier periods.

From December 31, 2021, onward, the DOH declined towards pre-2021 levels, with values of 27.62 days in March 2022 and approximately 27.42 days in June 2022. During this period, the ratio stabilized around the high twenties, indicating a return to more normalized inventory management.

In the subsequent periods, the DOH hovered close to 24-25 days, with a slight uptick observed at the end of September 2022 (24.57 days) and continuing into December 2022 (24.23 days). Early 2023 data reflected consistent inventory days at approximately 23.28 days in March, with minor fluctuations in the subsequent quarters.

From March 31, 2024, onward, the DOH increased slightly, reaching about 26.95 days by December 2024. The trend indicates a modest extension of the inventory holding period, which persists into 2025 with values around 24.94 to 25.39 days.

Overall, the DOH for Performance Food Group Co demonstrates periods of stability with occasional increases, notably during Q3 2021, where inventory levels extended significantly, possibly due to operational considerations or inventory clearing strategies. The general trend from late 2021 onward suggests a tendency toward maintaining inventory for approximately 24-26 days, implying a relatively consistent inventory turnover rate in recent periods.


Peer comparison

Jun 30, 2025