Procter & Gamble Company (PG)

Days of inventory on hand (DOH)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		9.28	8.98	8.89	8.97	8.96	8.38	8.25	8.17	8.91	8.64	9.06	9.37	9.66	9.42	9.41	9.72	10.02	11.88	11.35	11.44
DOH	days	39.32	40.63	41.05	40.71	40.76	43.56	44.23	44.66	40.95	42.25	40.29	38.95	37.78	38.76	38.79	37.54	36.43	30.73	32.15	31.90

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.28
= 39.32

The days of inventory on hand (DOH) for Procter & Gamble Company have shown fluctuations over the past several quarters. The trend indicates that Procter & Gamble has been able to maintain a relatively stable level of inventory management, with occasional variations.

In the latest quarter, ending June 30, 2024, the DOH was 39.32 days, a slight decrease from the previous quarter's 40.63 days. This suggests that the company was able to manage its inventory more efficiently during this period.

Looking back over the past few years, the DOH has typically ranged between 30 to 45 days, with some quarters showing lower values such as 30.73 days in September 2020 and 31.90 days in March 2020. This indicates that Procter & Gamble has been successful in effectively managing its inventory levels to optimize operational efficiency.

Overall, the DOH ratio provides valuable insight into how quickly Procter & Gamble is able to turn over its inventory into sales. By monitoring this ratio over time, stakeholders can assess the company's inventory management practices and operational effectiveness.