Mercer International (FRA:AEZ) Days Inventory: 66.62 (As of Mar. 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:AEZ Mercer International Inc FRA:AEZ
38 GF Score
Price €0.58
GF Value €5.39
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Mercer International Days Inventory?

Mercer International FRA:AEZ -3.17% 38 Days Inventory is 66.62 as of Mar. 2026, which is 13% below its 10-year median of 76.61. GuruFocus rates FRA:AEZ with a GF Score™ of 38/100 and a GF Value™ of €5.39 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 270 Forest Products companies, Mercer International ranks better than 67.78% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Mercer International's Average Total Inventories for the three months ended in Mar. 2026 was €312 Mil. Mercer International's Cost of Goods Sold for the three months ended in Mar. 2026 was €427 Mil. Hence, Mercer International's Days Inventory for the three months ended in Mar. 2026 was 66.62.

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

FRA:AEZ' s Days Inventory Range Over the Past 10 Years
Min: 59.51   Med: 76.61   Max: 83.24
Current: 71

During the past 13 years, Mercer International's highest Days Inventory was 83.24. The lowest was 59.51. And the median was 76.61.

FRA:AEZ's Days Inventory is ranked better than
67.78% of 270 companies
in the Forest Products industry
Industry Median: 89.475 vs FRA:AEZ: 71.00

Mercer International's Days Inventory declined from Mar. 2025 (73.02) to Mar. 2026 (66.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercer International's Inventory Turnover for the three months ended in Mar. 2026 was 1.37.

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. Mercer International's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.74.


Mercer International  (FRA:AEZ) 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.

Mercer International's Inventory Turnover for the three months ended in Mar. 2026 is calculated as

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.

Mercer International's Inventory to Revenue for the three months ended in Mar. 2026 is calculated as

* 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.


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.


Mercer International Days Inventory Related Terms


Mercer International Days Inventory Historical Data

* Premium members only.

The historical data trend for Mercer International'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.

Mercer International Days Inventory Chart

Mercer International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.68 80.35 79.09 74.75 72.02

Mercer International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.02 77.75 74.15 69.65 66.62

FRA:AEZ vs ITP, SLVM: Days Inventory Comparison

For the Paper & Paper Products subindustry, Mercer International'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.


Mercer International Days Inventory vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mercer International's Days Inventory falls into.


FRA:AEZ
38GF Score
Mercer International Inc FRA:AEZ
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercer International Days Inventory Calculation

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

Mercer International's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (345.406 + 306.928) / 2 ) / 1653.086*365
=326.167 / 1653.086*365
=72.02

Mercer International's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (306.928 + 316.611) / 2 ) / 427.008*365 / 4
=311.7695 / 427.008*365 / 4
=66.62

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 66.62 mean?
Mercer International (FRA:AEZ) has a Days Inventory of 66.62 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Mercer International and its competitors. This is 13% below median its historical median of 76.61. Over the past decade, Mercer International's Days Inventory has ranged from 59.51 to 83.24. According to the industry distribution chart, Mercer International ranks #87 out of 270 companies in the Forest Products industry, placing it in the top 32.2%.
Is Mercer International's Days Inventory too high?
Mercer International's current Days Inventory of 66.62 is 13% below median its 10-year median of 76.61. Over the past 10 years, this metric has ranged from a low of 59.51 to a high of 83.24. The Forest Products industry median Days Inventory is 89.48. Mercer International's value of 66.62 is 25.5% below this industry median. Based on the distribution chart, Mercer International ranks #87 out of 270 companies in the Forest Products industry, which is above the industry midpoint. Overall, Mercer International has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercer International's Days Inventory compare to ITP and SLVM?
According to the Forest Products industry distribution chart, Mercer International ranks #87 out of 270 companies for Days Inventory. This puts Mercer International in the upper half of its industry. The industry median Days Inventory is 89.48. Mercer International's value of 66.62 is 25.5% below this benchmark. Historically, Mercer International's own Days Inventory has ranged from 59.51 to 83.24 over the past decade. While the company's 10-year median is 76.61 vs. the industry median of 89.48, Mercer International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Forest Products company?
The median Days Inventory among Forest Products companies is 89.48, based on 270 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercer International's current Days Inventory of 66.62 is 25.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Mercer International and its competitors. For the Forest Products industry, the median Days Inventory is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercer International's current Days Inventory is 66.62, which is 13% below median its own 10-year median of 76.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercer International stock overvalued right now?
Based on GuruFocus' analysis, Mercer International (FRA:AEZ) is currently considered Possible Value Trap. The stock's GF Value™ is €5.39, compared to a current price of €0.58 — trading 89.2% below its estimated fair value. The current Days Inventory is 66.62, which is 13% below median its 10-year median of 76.61 and 25.5% below the Forest Products industry median of 89.48. Mercer International's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Mercer International (FRA:AEZ), the current Days Inventory is 66.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercer International (FRA:AEZ) Overvalued in 2026?

Based on GuruFocus' analysis, Mercer International stock appears to be undervalued. The current stock price of €0.58 is trading 89.2% below its estimated GF Value™ of €5.39. GuruFocus considers Mercer International to be Possible Value Trap.

Key valuation signals for FRA:AEZ:

  • Days Inventory: 66.62 (13% below median its 10-year median of 76.61)
  • GF Value™: €5.39 vs. price of €0.58 (89.2% below fair value)
  • GF Score™: 38/100 with 6 warning signs
  • Industry Position: 25.5% below the Forest Products median (#87 of 270)

No single metric tells the full story. See the FRA:AEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercer International Business Description

Other Exchanges MERC:USAAEZ:Germany
Address 700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The company has a geographical presence in the USA, Germany, China, and Other countries, where the maximum of revenue is generated from the China. The majority of the revenue is generated from the Pulp segment.
38GF Score

Get the complete analysis for FRA:AEZ

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.58
Price
€5.39
GF Value