Stock Analysis on Net
Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

$24.99

Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Procter & Gamble Co., balance sheet: inventory

US$ in millions

Microsoft Excel
Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Materials and supplies
Work in process
Finished goods
Inventories

Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).


Total inventory levels exhibit a consistent upward trajectory over the analyzed period, growing from US$ 5,983 million in June 2021 to US$ 8,170 million by June 2026. While there was a brief plateau between 2023 and 2024, the overall trend indicates a significant expansion of the company's investment in inventory assets.

Finished Goods Analysis
Finished goods constitute the largest component of the total inventory portfolio and demonstrate uninterrupted annual growth. The value increased from US$ 3,619 million in 2021 to US$ 4,922 million in 2026. This steady accumulation suggests a strategic focus on ensuring product availability or preparing for projected increases in consumer demand.
Materials and Supplies Trends
The materials and supplies category exhibits the highest volatility among the inventory components. A significant peak occurred in 2022 at US$ 2,168 million, followed by a two-year decline to US$ 1,617 million in 2024. However, a recovery trend is observed in the final two years, with values rising to US$ 2,143 million by 2026, suggesting fluctuating procurement strategies or responses to supply chain variability.
Work in Process Evaluation
Work in process inventory shows a general growth pattern, rising from US$ 719 million in 2021 to US$ 1,105 million in 2026. Aside from a marginal decrease in 2024, the consistent increase indicates a scaling of production activities or an expansion of the manufacturing pipeline.
Inventory Composition and Aggregation
The aggregate inventory growth is primarily driven by the expansion of finished goods. The proportional weight of finished goods relative to total inventory remains dominant, while the combined impact of materials and work in process creates a secondary layer of growth, particularly evident in the projections for 2025 and 2026.