MPower Group (ASX:MPR) Days Inventory : 10.30 (As of Dec. 2023)

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What is MPower Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MPower Group's Average Total Inventories for the six months ended in Dec. 2023 was A$0.04 Mil. MPower Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.65 Mil. Hence, MPower Group's Days Inventory for the six months ended in Dec. 2023 was 10.30.

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

ASX:MPR' s Days Inventory Range Over the Past 10 Years
Min: 7.55 Med: 88.59 Max: 249.34
Current: 10.59

During the past 13 years, MPower Group's highest Days Inventory was 249.34. The lowest was 7.55. And the median was 88.59.

ASX:MPR's Days Inventory is ranked better than
97.77% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs ASX:MPR: 10.59

MPower Group's Days Inventory declined from Dec. 2022 (16.70) to Dec. 2023 (10.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. MPower Group's Inventory Turnover for the six months ended in Dec. 2023 was 17.73.

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. MPower Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

MPower Group Days Inventory Historical Data

The historical data trend for MPower 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.

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MPower Group Days Inventory Chart

MPower Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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68.36

249.34

7.55

18.78

14.92

MPower Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															25.80	15.71	16.70	10.45	10.30

Competitive Comparison of MPower Group's Days Inventory

For the Solar subindustry, MPower 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.

MPower Group's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MPower Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where MPower Group's Days Inventory falls into.

MPower Group Days Inventory Calculation

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

MPower Group'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
=	( (0.093	+	0.039)	/	2 )	/	1.615	*	365
=	0.066					/	1.615	*	365
=	14.92

MPower Group'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
=	( (0.039	+	0.034)	/	2 )	/	0.647	*	365 / 2
=	0.0365					/	0.647	*	365 / 2
=	10.30

MPower Group (ASX:MPR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.647	/	0.0365
	=	17.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0365	/	2.461
	=	0.01

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.

MPower Group Days Inventory Related Terms

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

MPower Group (ASX:MPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MPower Group Ltd (ASX:MPR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

15 Bourke Road, Level 4, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.mpower.com.au

MPower Group Ltd is a technology company. The company is a specialist renewable energy and battery storage developer and owner. It specializes in the delivery of on-grid and off-grid power solutions and products for blue-chip customers. The company's operating segment includes Energy services and energy investments. It generates maximum revenue from the energy services segment. Geographically, it derives its revenue from Australia. The company's projects include Solar Farms, Battery Energy Storage Systems, Hybrid Power Systems, and Backup Power Systems.

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