Procter & Gamble Company (PG)

The analysis of Procter & Gamble Company's days of inventory on hand (DOH) over the period from June 30, 2020, to March 31, 2025, reveals notable fluctuations and trends. At the start of this period, the DOH was approximately 56.93 days as of June 30, 2020. This figure experienced a gradual increase through subsequent quarters, reaching approximately 61.29 days by December 31, 2021.

During 2022, the DOH showed continued upward momentum, peaking at around 64.97 days on September 30, 2022. This indicates a lengthening of inventory holding periods, which could reflect strategic inventory buildup, supply chain dynamics, or shifts in sales patterns. The first quarter of 2023 saw a slight decrease to 63.59 days, followed by further reductions to 60.38 days at the end of June 2023. Nonetheless, the DOH remained elevated compared to the earlier years.

In the latter part of 2023 and into early 2024, the DOH stabilized around the low 60s, with values such as 61.24 days on September 30, 2023, and 62.43 days on December 31, 2024. Notably, the period from December 2024 to March 2025 experienced an uptick, with the DOH reaching approximately 66.07 days, marking an increase of about 3.64 days from the previous quarter.

Overall, the trend demonstrates a general increase in inventory holding periods over the analyzed timeframe, with intermittent fluctuations. The upward movement suggests a possible elongation in inventory turnover cycles, potentially influenced by inventory management strategies, supply chain factors, or product mix changes. The recent spike in DOH toward the end of the period may warrant further investigation into inventory accumulation practices or demand shifts.