Procter & Gamble Company (PG)

The analysis of Procter & Gamble Company's days of inventory on hand (DOH) from September 2020 to June 2025 reveals notable fluctuations over this period. Initially, the DOH was approximately 58.4 days as of September 2020, indicating that inventory was held for just under two months on average. Throughout 2021, the DOH experienced a modest upward trend, reaching approximately 60.4 days by the end of March 2021, and slightly increasing further to around 61.3 days by the end of December 2021.

In 2022, the inventory holding period continued to rise, reaching a peak of approximately 65.0 days in September 2022. The trend persisted into the first quarter of 2023, with the DOH reaching around 63.6 days, before declining slightly to 60.4 days in June 2023, suggesting some inventory turnover improvement during this period. However, from mid-2023 onward, the DOH regained upward momentum, climbing back to approximately 62.8 days in March 2024 and further increasing to about 66.1 days by March 2025.

Overall, the company's DOH shows a pattern of gradual increases, reflecting longer inventory holding periods over time. The fluctuations may be attributable to changing supply chain dynamics, demand variability, or strategic inventory management adjustments. The trend toward higher DOH indicates that inventories are being held for extended durations, which could impact working capital efficiency but may also serve to buffer against supply chain disruptions or demand fluctuations.