Mercury NZ (ASX:MCY) Days Inventory : 12.66 (As of Jun. 2023)

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What is Mercury NZ Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mercury NZ's Average Total Inventories for the six months ended in Jun. 2023 was A$99 Mil. Mercury NZ's Cost of Goods Sold for the six months ended in Jun. 2023 was A$1,421 Mil. Hence, Mercury NZ's Days Inventory for the six months ended in Jun. 2023 was 12.66.

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

ASX:MCY' s Days Inventory Range Over the Past 10 Years
Min: 6.23 Med: 11.89 Max: 23.96
Current: 23.96

During the past 11 years, Mercury NZ's highest Days Inventory was 23.96. The lowest was 6.23. And the median was 11.89.

ASX:MCY's Days Inventory is ranked better than
58.64% of 324 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.105 vs ASX:MCY: 23.96

Mercury NZ's Days Inventory declined from Jun. 2022 (14.57) to Jun. 2023 (12.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercury NZ's Inventory Turnover for the six months ended in Jun. 2023 was 14.41.

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. Mercury NZ's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.08.

Mercury NZ Days Inventory Historical Data

The historical data trend for Mercury NZ'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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Mercury NZ Days Inventory Chart

Mercury NZ Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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8.25

7.98

6.24

16.30

21.60

Mercury NZ Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															4.35	25.81	14.57	-	12.66

Competitive Comparison of Mercury NZ's Days Inventory

For the Utilities - Renewable subindustry, Mercury NZ'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.

Mercury NZ's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mercury NZ's Days Inventory falls into.

Mercury NZ Days Inventory Calculation

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

Mercury NZ'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
=	( (84.982	+	83.184)	/	2 )	/	1420.527	*	365
=	84.083					/	1420.527	*	365
=	21.60

Mercury NZ's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (113.928	+	83.184)	/	2 )	/	1420.528	*	365 / 2
=	98.556					/	1420.528	*	365 / 2
=	12.66

Mercury NZ (ASX:MCY) 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.

Mercury NZ's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1420.528	/	98.556
	=	14.41

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.

Mercury NZ's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	98.556	/	1308.092
	=	0.08

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.

Mercury NZ Days Inventory Related Terms

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

Mercury NZ (ASX:MCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Mercury NZ Ltd (ASX:MCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MGHTF:USA MCY:New Zealand MRY:Germany

Address

33 Broadway, The Mercury Building, P O Box 90399, Newmarket, Auckland, NTL, NZL, 1142

Website

https://www.mercury.co.nz

Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.