Parker-Hannifin Corporation (PH)

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		5.89	5.51	5.32	5.48	5.57	5.05	4.73	4.39	5.97	5.64	5.59	5.57	5.86	6.12	6.25	6.67	6.16	6.21	6.18	6.85
DOH	days	61.98	66.20	68.55	66.55	65.50	72.31	77.21	83.22	61.18	64.66	65.31	65.48	62.25	59.68	58.43	54.69	59.28	58.75	59.08	53.25

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.89
= 61.98

The analysis of Parker-Hannifin Corporation's days of inventory on hand (DOH) reveals a fluctuating trend over the past several quarters. The company's DOH ranged from a low of 53.25 days in the third quarter of 2019 to a high of 83.22 days in the third quarter of 2022.

In more recent quarters, the DOH has shown some variability, with the metric standing at 61.98 days as of June 30, 2024, down from 66.20 days in the previous quarter ending March 31, 2024. This decrease may indicate a more efficient management of inventory levels during the period.

Overall, while there have been fluctuations in the DOH metric for Parker-Hannifin Corporation, closer monitoring and evaluation of inventory management practices may be warranted to ensure optimal inventory levels and operational efficiency in the future.