Manila Electric Co (PHS:MER) Days Inventory: 10.11 (As of Mar. 2026) — Near Median


PHS:MER Manila Electric Co PHS:MER
94 GF Score
Price ₱574.00
GF Value ₱528.39
Valuation Fairly Valued
! 9 Warning Signs
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What is Manila Electric Co Days Inventory?

Manila Electric Co PHS:MER +0.17% 94 Days Inventory is 10.11 as of Mar. 2026, which is 8% above its 10-year median of 9.40. GuruFocus rates PHS:MER with a GF Score™ of 94/100 and a GF Value™ of ₱528.39 (Fairly Valued). The stock has 9 warning signs investors should review. Among 450 Utilities - Regulated companies, Manila Electric Co ranks better than 72.44% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Manila Electric Co's Average Total Inventories for the three months ended in Mar. 2026 was ₱10,906 Mil. Manila Electric Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ₱98,431 Mil. Hence, Manila Electric Co's Days Inventory for the three months ended in Mar. 2026 was 10.11.

The historical rank and industry rank for Manila Electric Co's Days Inventory or its related term are showing as below:

PHS:MER' s Days Inventory Range Over the Past 10 Years
Min: 4.67   Med: 9.4   Max: 11.46
Current: 9.9

During the past 13 years, Manila Electric Co's highest Days Inventory was 11.46. The lowest was 4.67. And the median was 9.40.

PHS:MER's Days Inventory is ranked better than
72.44% of 450 companies
in the Utilities - Regulated industry
Industry Median: 22.535 vs PHS:MER: 9.90

Manila Electric Co's Days Inventory declined from Mar. 2025 (11.29) to Mar. 2026 (10.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Manila Electric Co's Inventory Turnover for the three months ended in Mar. 2026 was 9.03.

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. Manila Electric Co's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.09.


Manila Electric Co  (PHS:MER) 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.

Manila Electric Co'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.

Manila Electric Co'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.


Manila Electric Co Days Inventory Related Terms


Manila Electric Co Days Inventory Historical Data

* Premium members only.

The historical data trend for Manila Electric Co'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.

Manila Electric Co Days Inventory Chart

Manila Electric Co 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 11.46 10.43 11.11 11.09 10.17

Manila Electric Co 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 11.29 9.89 9.95 9.66 10.11

PHS:MER vs NEE, SO, DUK: Days Inventory Comparison

For the Utilities - Regulated Electric subindustry, Manila Electric Co'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.


Manila Electric Co Days Inventory vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Days Inventory falls into.


PHS:MER
94GF Score
Manila Electric Co PHS:MER
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Manila Electric Co Days Inventory Calculation

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

Manila Electric Co'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
=( (11422 + 10983) / 2 ) / 402044*365
=11202.5 / 402044*365
=10.17

Manila Electric Co'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
=( (10983 + 10828) / 2 ) / 98431*365 / 4
=10905.5 / 98431*365 / 4
=10.11

* 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 10.11 mean?
Manila Electric Co (PHS:MER) has a Days Inventory of 10.11 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Manila Electric Co and its competitors. This is near median its historical median of 9.40. Over the past decade, Manila Electric Co's Days Inventory has ranged from 4.67 to 11.46. According to the industry distribution chart, Manila Electric Co ranks #124 out of 450 companies in the Utilities - Regulated industry, placing it in the top 27.6%.
Is Manila Electric Co's Days Inventory too high?
Manila Electric Co's current Days Inventory of 10.11 is near median its 10-year median of 9.40. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 11.46. The Utilities - Regulated industry median Days Inventory is 22.54. Manila Electric Co's value of 10.11 is 55.1% below this industry median. Based on the distribution chart, Manila Electric Co ranks #124 out of 450 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Manila Electric Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Days Inventory compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Manila Electric Co ranks #124 out of 450 companies for Days Inventory. This puts Manila Electric Co in the upper half of its industry. The industry median Days Inventory is 22.54. Manila Electric Co's value of 10.11 is 55.1% below this benchmark. Historically, Manila Electric Co's own Days Inventory has ranged from 4.67 to 11.46 over the past decade. While the company's 10-year median is 9.40 vs. the industry median of 22.54, Manila Electric Co 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 an Utilities - Regulated company?
The median Days Inventory among Utilities - Regulated companies is 22.54, based on 450 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. Manila Electric Co's current Days Inventory of 10.11 is 55.1% 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 Manila Electric Co and its competitors. For the Utilities - Regulated industry, the median Days Inventory is 22.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manila Electric Co's current Days Inventory is 10.11, which is near median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Fairly Valued. The stock's GF Value™ is ₱528.39, compared to a current price of ₱574.00 — trading 8.6% above its estimated fair value. The current Days Inventory is 10.11, which is near median its 10-year median of 9.40 and 55.1% below the Utilities - Regulated industry median of 22.54. Manila Electric Co's overall GF Score™ is 94/100 with 9 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 Manila Electric Co (PHS:MER), the current Days Inventory is 10.11 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 Manila Electric Co (PHS:MER) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of ₱574.00 is trading 8.6% above its estimated GF Value™ of ₱528.39. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • Days Inventory: 10.11 (near median its 10-year median of 9.40)
  • GF Value™: ₱528.39 vs. price of ₱574.00 (8.6% above fair value)
  • GF Score™: 94/100 with 9 warning signs
  • Industry Position: 55.1% below the Utilities - Regulated median (#124 of 450)

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


Manila Electric Co Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
94GF Score

Get the complete analysis for PHS:MER

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

₱574.00
Price
₱528.39
GF Value