Melcor Developments (Melcor Developments) Days Inventory : 2,551.17 (As of Mar. 2024)

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What is Melcor Developments Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Melcor Developments's Average Total Inventories for the three months ended in Mar. 2024 was $539.9 Mil. Melcor Developments's Cost of Goods Sold for the three months ended in Mar. 2024 was $19.3 Mil. Hence, Melcor Developments's Days Inventory for the three months ended in Mar. 2024 was 2,551.17.

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

MODVF' s Days Inventory Range Over the Past 10 Years
Min: 1506.2 Med: 1848.71 Max: 2483.9
Current: 1506.2

During the past 13 years, Melcor Developments's highest Days Inventory was 2483.90. The lowest was 1506.20. And the median was 1848.71.

MODVF's Days Inventory is ranked worse than
72.86% of 1319 companies
in the Real Estate industry
Industry Median: 699.54 vs MODVF: 1506.20

Melcor Developments's Days Inventory declined from Mar. 2023 (3,863.73) to Mar. 2024 (2,551.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Melcor Developments's Inventory Turnover for the three months ended in Mar. 2024 was 0.04.

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. Melcor Developments's Inventory-to-Revenue for the three months ended in Mar. 2024 was 14.69.

Melcor Developments Days Inventory Historical Data

The historical data trend for Melcor Developments'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.

* Premium members only.

Melcor Developments Days Inventory Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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2,459.12

2,075.78

1,512.27

2,246.19

1,549.82

Melcor Developments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															3,863.73	2,179.72	1,460.86	896.29	2,551.17

Competitive Comparison of Melcor Developments's Days Inventory

For the Real Estate - Development subindustry, Melcor Developments'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.

Melcor Developments's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Days Inventory distribution charts can be found below:

* The bar in red indicates where Melcor Developments's Days Inventory falls into.

Melcor Developments Days Inventory Calculation

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

Melcor Developments's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (551.712	+	542.637)	/	2 )	/	128.866	*	365
=	547.1745					/	128.866	*	365
=	1,549.82

Melcor Developments's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (542.637	+	537.157)	/	2 )	/	19.311	*	365 / 4
=	539.897					/	19.311	*	365 / 4
=	2,551.17

Melcor Developments (OTCPK:MODVF) 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.

Melcor Developments's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.311	/	539.897
	=	0.04

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.

Melcor Developments's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	539.897	/	36.752
	=	14.69

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.

Melcor Developments Days Inventory Related Terms

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

Melcor Developments (Melcor Developments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (OTCPK:MODVF) » Definitions » Days Inventory

Traded in Other Exchanges

MRD:Canada

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.