Millennium Services Group (ASX:MIL) Days Inventory : 16.48 (As of Dec. 2023)

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What is Millennium Services Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Millennium Services Group's Average Total Inventories for the six months ended in Dec. 2023 was A$1.8 Mil. Millennium Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$19.5 Mil. Hence, Millennium Services Group's Days Inventory for the six months ended in Dec. 2023 was 16.48.

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

ASX:MIL' s Days Inventory Range Over the Past 10 Years
Min: 8.1 Med: 10.25 Max: 15.42
Current: 15.42

During the past 7 years, Millennium Services Group's highest Days Inventory was 15.42. The lowest was 8.10. And the median was 10.25.

ASX:MIL's Days Inventory is ranked better than
61.82% of 681 companies
in the Business Services industry
Industry Median: 29.1 vs ASX:MIL: 15.42

Millennium Services Group's Days Inventory increased from Dec. 2022 (12.56) to Dec. 2023 (16.48). It might indicate that Millennium Services Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Millennium Services Group's Inventory Turnover for the six months ended in Dec. 2023 was 11.08.

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

Millennium Services Group Days Inventory Historical Data

The historical data trend for Millennium Services 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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Millennium Services Group Days Inventory Chart

Millennium Services Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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9.86

10.97

10.84

9.33

13.28

Millennium Services Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										8.86	9.44	12.56	14.20	16.48

Competitive Comparison of Millennium Services Group's Days Inventory

For the Specialty Business Services subindustry, Millennium Services 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.

Millennium Services Group's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Millennium Services Group's Days Inventory distribution charts can be found below:

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

Millennium Services Group Days Inventory Calculation

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

Millennium Services 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
=	( (1.236	+	1.619)	/	2 )	/	39.224	*	365
=	1.4275					/	39.224	*	365
=	13.28

Millennium Services 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
=	( (1.619	+	1.896)	/	2 )	/	19.468	*	365 / 2
=	1.7575					/	19.468	*	365 / 2
=	16.48

Millennium Services Group (ASX:MIL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.468	/	1.7575
	=	11.08

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.7575	/	149.242
	=	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.

Millennium Services Group Days Inventory Related Terms

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

Millennium Services Group (ASX:MIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Millennium Services Group Ltd (ASX:MIL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

631 Springvale Road, Level 3, Mulgrave, VIC, AUS, 3170

Website

https://www.millenniumsg.com

Millennium Services Group Ltd provides cleaning, security, maintenance and integrated services. The company offers services to the retail shopping centre, commercial property, and commonwealth and state government sectors. The company segments include Cleaning and Security. The company generates maximum revenue from the Cleaning segment.

Millennium Services Group (ASX:MIL) Headlines

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