Performance Food Group Co (PFGC)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 12.90 | |
| DOH | days | 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 | 28.29 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.72
= 21.84
Performance Food Group Co's days of inventory on hand (DOH) has shown some fluctuations over the past 6 quarters. The average DOH for the most recent quarter, ending March 31, 2024, was 21.84 days. This indicates that on average, the company held approximately 21.84 days worth of inventory during that period.
The trend in DOH appears to have improved slightly since the peak of 34.45 days in the third quarter of 2021. However, there was a slight uptick in DOH in the fourth quarter of 2023 compared to the third quarter of 2023.
Overall, it seems that Performance Food Group Co has been managing its inventory levels efficiently in recent quarters, with a focus on optimizing inventory turnover and avoiding excess inventory holding costs. Further analysis and comparison with industry benchmarks can provide more insights into the company's inventory management strategies.
Peer comparison
Mar 31, 2024