Mercury Systems (Mercury Systems) Inventory Turnover

: 0.46 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Mercury Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $165.9 Mil. Mercury Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $358.6 Mil. Mercury Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mercury Systems's Days Inventory for the three months ended in Dec. 2023 was 197.17.

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. Mercury Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.82.

Mercury Systems Inventory Turnover Historical Data

The historical data trend for Mercury Systems's Inventory Turnover 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.

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Mercury Systems Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.00

2.79

2.70

2.41

2.16

Mercury Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.50	0.53	0.55	0.37	0.46

Mercury Systems Inventory Turnover Calculation

Mercury Systems's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	657.154	/ (	(270.339	+	337.216)	/	2 )
=	657.154	/	303.7775
=	2.16

Mercury Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	165.943	/ (	(362.91	+	354.212)	/	2 )
=	165.943	/	358.561
=	0.46

Mercury Systems (NAS:MRCY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mercury Systems's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	358.561	/	165.943	*	365 / 4
	=	197.17

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.

Mercury Systems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	358.561	/	197.463
	=	1.82

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Mercury Systems Inventory Turnover Related Terms

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Mercury Systems (Mercury Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mercury Systems Inc (NAS:MRCY) » Definitions » Inventory Turnover

Comparable Companies

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MCY:Germany

Address

50 Minuteman Road, Andover, MA, USA, 01810

Website

https://www.mrcy.com

Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates and delivers secure open architecture solutions powering a broad range of mission-critical applications in the challenging and demanding environments. Inspired by its purpose of delivering Innovation that Matters, By and For People Who Matter, Mercury helps make the world a safer, more secure place for all.

Executives

Michelle M Mccarthy	officer: SVP, CAO	50 MINUTEMAN ROAD, ANDOVER MA 01810
Wells Charles Roger Iv	officer: EVP President Microelectronics	5255 GROVEMONT DRIVE, ELKRIDGE MD 21075
Orlando D Carvalho	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Debora A Plunkett	director	6501 LEGACY DRIVE, PLANO TX 75024
Barry R Nearhos	director	C/O VIRTUSA CORPORATION, 200 WEST PARK DRIVE, WESTBOROUGH MA 01581
Lisa S Disbrow	director	50 MINUTEMAN ROAD, ANDOVER MA 01810
Allen Couture	officer: EVP, Execution Excellence	C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
James Mitch Stevison	officer: EVP, President Mission Systems	103 SANSBERRY LANE, MADISON AL 35376
Steven Ratner	officer: EVP, CHRO	C/O MERCURY SYSTEMS, INC., 50 MINUTEMAN ROAD, ANDOVER MA 01810
Stephanie Georges	officer: EVP, CCO	1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
Christopher C Cambria	officer: EVP, Gen Counsel & Secretary	C/O GENCORP INC., P.O. BOX 537012, SACRAMENTO CA 95853-7012
Jana Partners Llc	director, other: See Remarks	767 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10153
Howard L Lance	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
William L Ballhaus	director, officer: President & CEO	3190 FAIRVIEW PARK DRIVE, SUITE 700, FALLS CHURCH VA 22042
Roger A Krone	director