MLG Oz (ASX:MLG) Days Inventory : 0.00 (As of Dec. 2023)

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What is MLG Oz Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MLG Oz's Average Total Inventories for the six months ended in Dec. 2023 was A$15.7 Mil. MLG Oz's Cost of Goods Sold for the six months ended in Dec. 2023 was A$-0.0 Mil.

The historical rank and industry rank for MLG Oz's Days Inventory or its related term are showing as below:

ASX:MLG' s Days Inventory Range Over the Past 10 Years
Min: 1589.01 Med: 5792.76 Max: 37313.27
Current: 10180.26

During the past 3 years, MLG Oz's highest Days Inventory was 37313.27. The lowest was 1589.01. And the median was 5792.76.

ASX:MLG's Days Inventory is ranked worse than
98.94% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs ASX:MLG: 10180.26

MLG Oz's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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. MLG Oz's Inventory Turnover for the six months ended in Dec. 2023 was -0.00.

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. MLG Oz's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

MLG Oz Days Inventory Historical Data

The historical data trend for MLG Oz'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.

* Premium members only.

MLG Oz Days Inventory Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

1,589.01

5,792.76

37,313.27

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			12,576.61	3,991.73	-	5,027.57	-

Competitive Comparison of MLG Oz's Days Inventory

For the Other Industrial Metals & Mining subindustry, MLG Oz'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.

MLG Oz's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MLG Oz's Days Inventory distribution charts can be found below:

* The bar in red indicates where MLG Oz's Days Inventory falls into.

MLG Oz Days Inventory Calculation

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

MLG Oz's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (18.162	+	14.551)	/	2 )	/	0.15999999999997	*	365
=	16.3565					/	0.15999999999997	*	365
=	37,313.27

MLG Oz's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.551	+	16.895)	/	2 )	/	-0.0029999999999859	*	365 / 2
=	15.723					/	-0.0029999999999859	*	365 / 2
=	N/A

MLG Oz (ASX:MLG) 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.

MLG Oz's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-0.0029999999999859	/	15.723
	=	-0.00

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.

MLG Oz's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.723	/	223.223
	=	0.07

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.

MLG Oz Days Inventory Related Terms

Thank you for viewing the detailed overview of MLG Oz's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

MLG Oz (ASX:MLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MLG Oz Ltd (ASX:MLG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.