Metarock Group (ASX:MYE) Days Inventory : 67.07 (As of Dec. 2023)

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What is Metarock Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Metarock Group's Average Total Inventories for the six months ended in Dec. 2023 was A$20.2 Mil. Metarock Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$55.1 Mil. Hence, Metarock Group's Days Inventory for the six months ended in Dec. 2023 was 67.07.

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

ASX:MYE's Days Inventory is not ranked ^*
in the Other Energy Sources industry.
Industry Median: 32.53
* Ranked among companies with meaningful Days Inventory only.

Metarock Group's Days Inventory increased from Dec. 2022 (49.93) to Dec. 2023 (67.07). It might indicate that Metarock Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Metarock Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.72.

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. Metarock Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.

Metarock Group Days Inventory Historical Data

The historical data trend for Metarock 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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Metarock Group Days Inventory Chart

Metarock Group Annual Data

Trend

Jun14

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Days Inventory

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Metarock 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															63.14	-	49.93	-	67.07

Competitive Comparison of Metarock Group's Days Inventory

For the Thermal Coal subindustry, Metarock 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.

Metarock Group's Days Inventory Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Metarock Group's Days Inventory distribution charts can be found below:

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

Metarock Group Days Inventory Calculation

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

Metarock 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
=	( (21.149	+	19.017)	/	2 )	/	0	*	365
=	20.083					/	0	*	365
=	N/A

Metarock 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
=	( (19.017	+	21.456)	/	2 )	/	55.065	*	365 / 2
=	20.2365					/	55.065	*	365 / 2
=	67.07

Metarock Group (ASX:MYE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	55.065	/	20.2365
	=	2.72

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.2365	/	234.428
	=	0.09

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.

Metarock Group Days Inventory Related Terms

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Metarock Group (ASX:MYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Metarock Group Ltd (ASX:MYE) » Definitions » Days Inventory

Traded in Other Exchanges

024:Germany

Address

45 River Street, P.O. Box 1671, Level 1, Riverside Plaza, Mackay, QLD, AUS, 4740

Website

https://www.mastermyne.com.au

Metarock Group Ltd provides contracting services to underground longwall mining operations and industrial products and services in the coalfields and supporting industries of Queensland and New South Wales. It provides a full range of services and equipment to the coal mining industry that includes: Roadway development; Conveyors; Longwall relocations and others. The company's segment includes Mastermyne and PYBAR. It generates maximum revenue from the Mastermyne segment.