Mirvac Group (ASX:MGR) Days Inventory : 277.64 (As of Dec. 2024)

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What is Mirvac Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mirvac Group's Average Total Inventories for the six months ended in Dec. 2024 was A$1,251 Mil. Mirvac Group's Cost of Goods Sold for the six months ended in Dec. 2024 was A$822 Mil. Hence, Mirvac Group's Days Inventory for the six months ended in Dec. 2024 was 277.64.

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

ASX:MGR' s Days Inventory Range Over the Past 10 Years
Min: 158.79 Med: 188.47 Max: 386.45
Current: 245.43

During the past 13 years, Mirvac Group's highest Days Inventory was 386.45. The lowest was 158.79. And the median was 188.47.

ASX:MGR's Days Inventory is ranked worse than
61.44% of 153 companies
in the REITs industry
Industry Median: 107.29 vs ASX:MGR: 245.43

Mirvac Group's Days Inventory declined from Dec. 2023 (346.60) to Dec. 2024 (277.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mirvac Group's Inventory Turnover for the six months ended in Dec. 2024 was 0.66.

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. Mirvac Group's Inventory-to-Revenue for the six months ended in Dec. 2024 was 1.11.

Mirvac Group Days Inventory Historical Data

The historical data trend for Mirvac 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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Mirvac Group Days Inventory Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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158.79

197.16

164.88

386.45

245.95

Mirvac Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															495.40	363.24	346.60	220.47	277.64

Competitive Comparison of Mirvac Group's Days Inventory

For the REIT - Diversified subindustry, Mirvac 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.

Mirvac Group's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Days Inventory distribution charts can be found below:

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

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Mirvac Group Days Inventory Calculation

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

Mirvac Group's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (1504	+	1349)	/	2 )	/	2117	*	365
=	1426.5					/	2117	*	365
=	245.95

Mirvac Group's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1349	+	1152)	/	2 )	/	822	*	365 / 2
=	1250.5					/	822	*	365 / 2
=	277.64

Mirvac Group (ASX:MGR) 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.

Mirvac Group's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	822	/	1250.5
	=	0.66

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.

Mirvac Group's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1250.5	/	1131
	=	1.11

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.

Mirvac Group Days Inventory Related Terms

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

Mirvac Group Business Description

Industry

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MRVGF:USA

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two thirds of group earnings. The investment portfolio, by book value, is made up of 60% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer-term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around a third of fiscal 2024 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.