Mirvac Group (ASX:MGR) Inventories, Raw Materials & Components : A$0 Mil (As of Dec. 2023)

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What is Mirvac Group Inventories, Raw Materials & Components?

Mirvac Group's inventories, raw materials & components for the quarter that ended in Dec. 2023 was A$0 Mil.

Mirvac Group Inventories, Raw Materials & Components Historical Data

The historical data trend for Mirvac Group's Inventories, Raw Materials & Components 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.
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Mirvac Group Annual Data

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Mirvac Group Semi-Annual Data
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Mirvac Group Inventories, Raw Materials & Components Calculation

Materials and components scheduled for use in making a product.

Mirvac Group (ASX:MGR) Business Description

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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.

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