Parker-Hannifin Corporation (PH)

The analysis of Parker-Hannifin Corporation's days of inventory on hand (DOH) over the specified periods indicates fluctuations in inventory management efficiency. As of June 30, 2021, the company maintained an average of approximately 73.07 days of inventory, reflecting its initial inventory turnover performance. By June 30, 2022, this figure decreased to approximately 70.44 days, suggesting an improvement in inventory management and faster turnover of inventory assets.

However, there was a notable change thereafter. By June 30, 2023, the DOH increased significantly to approximately 84.20 days, indicating that inventory held for longer periods before sale or usage. This extension in inventory holding periods could signal slower sales velocity, excess inventory accumulation, or strategic inventory buildup in anticipation of increased demand. The subsequent year, June 30, 2024, saw a reduction to approximately 79.64 days, reflecting a partial correction or normalization in inventory levels.

In the most recent period, June 30, 2025, the DOH rose again to approximately 82.67 days, signaling a trend toward longer inventory holding periods. Overall, the pattern suggests that the company's inventory turnover has experienced variability, with periods of improvement interspersed with increases in inventory days. The trend toward higher DOH in recent years may warrant further analysis to assess inventory management strategies, sales performance, and potential impacts on working capital and liquidity.

Peer comparison

Jun 30, 2025