Mirvac Group (ASX:MGR) Beginning Cash Position : A$122 Mil (As of Dec. 2023)

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What is Mirvac Group Beginning Cash Position?

Mirvac Group's Beginning Cash Position for the quarter that ended in Dec. 2023 was A$122 Mil.

Mirvac Group's quarterly Beginning Cash Position declined from Dec. 2022 (A$558 Mil) to Jun. 2023 (A$67 Mil) but then increased from Jun. 2023 (A$67 Mil) to Dec. 2023 (A$122 Mil).

Mirvac Group's annual Beginning Cash Position declined from Jun. 2021 (A$324 Mil) to Jun. 2022 (A$117 Mil) but then increased from Jun. 2022 (A$117 Mil) to Jun. 2023 (A$558 Mil).

Mirvac Group Beginning Cash Position Historical Data

The historical data trend for Mirvac Group's Beginning Cash Position 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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Mirvac Group Beginning Cash Position Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Beginning Cash Position

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221.00

134.00

324.00

117.00

558.00

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beginning Cash Position	Get a 7-Day Free Trial															117.00	70.00	558.00	67.00	122.00

Mirvac Group Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

Mirvac Group Beginning Cash Position Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Beginning Cash Position

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Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

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.

Mirvac Group (ASX:MGR) Headlines

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