Days Inventory is also known as Days Sales of Inventory (DSI). Mirvac Group's Average Total Inventories for the
six
months ended in Dec. 2023 was A$1,611 Mil. Mirvac Group's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$848 Mil.
Hence, Mirvac Group's Days Inventory for the
six
months ended in Dec. 2023 was 346.60.
The historical rank and industry rank for Mirvac Group's Days Inventory or its related term are showing as below:
ASX:MGR'
s Days Inventory Range Over the Past 10 Years
Min: 158.79 Med: 188.47 Max: 386.45
Current: 351.64
During the past 13 years, Mirvac Group's highest Days Inventory was 386.45. The lowest was 158.79. And the median was 188.47.
ASX:MGR's Days Inventory is ranked worse than 71.53% of 144
companies
in the REITs industry
Industry Median: 87.84
vs ASX:MGR: 351.64
Mirvac Group's Days Inventory
declined
from Dec. 2022 (495.40) to Dec. 2023 (346.60).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mirvac Group's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.53.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mirvac Group's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 1.29.
Mirvac Group Days Inventory Historical Data
The historical data trend for Mirvac Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mirvac Group's Days Inventory
For the REIT - Diversified subindustry, Mirvac Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mirvac Group's Days Inventory Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mirvac Group's Days Inventory falls into.
Mirvac Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mirvac Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mirvac Group (ASX:MGR) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Mirvac Group's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Mirvac Group's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Mirvac Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Mirvac Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
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