Procter & Gamble Company (PG)

The analysis of Procter & Gamble Company's days of inventory on hand (DOH) over the specified period indicates a consistent upward trend. As of June 30, 2021, the DOH was approximately 58.85 days, reflecting a relatively efficient inventory management system in place at that time. By June 30, 2022, this figure increased marginally to 59.95 days, suggesting a slight elongation in inventory holding periods. The trend continued into June 30, 2023, with the DOH reaching 60.38 days, indicative of a gradual shift toward maintaining inventories for a marginally longer duration.

The increase becomes more pronounced in the subsequent year. As of June 30, 2024, the DOH increased to 62.69 days, representing a notable rise of approximately 2.31 days from the previous year. This suggests the company has been holding inventory for a longer period, potentially reflecting changes in supply chain strategies, product mix, or inventory management policies. The latest data point as of June 30, 2025, shows the DOH at 66.95 days, marking a further increase of over 4 days within a year and surpassing two months of inventory on hand.

Overall, the steady escalation in DOH over the four-year span indicates a trend toward lengthening inventory cycles. This could be attributed to strategic shifts aimed at ensuring product availability, managing supply chain disruptions, or aligning with market demand patterns. While longer inventory holding periods can enhance customer service levels by reducing stockouts, they also carry implications for increased carrying costs and potential impacts on working capital. The observed trend warrants ongoing monitoring to assess its effect on the company's operational efficiency and profitability.