Mercury Systems Inc (MRCY)

Mercury Systems Inc.'s days of inventory on hand (DOH) have exhibited a consistent upward trend over the observed period. As of June 30, 2021, the company maintained approximately 150.14 days of inventory, indicating that inventory was held for a little over five months on average. By June 30, 2022, this figure increased to approximately 166.33 days, representing an expansion of roughly 16 days in the inventory holding period. The upward movement continued into June 30, 2023, where the DOH reached approximately 187.30 days, signifying a further increase of approximately 21 days from the previous year. The trend persisted into June 30, 2024, with the DOH of about 191.41 days, indicating a modest growth of nearly 4 days compared to the prior year. Data for June 30, 2025, is not available, as indicated by the placeholder "\u2014 days."

Over this period, the steady elongation of inventory days suggests potential shifts in inventory management practices, supply chain dynamics, product lifecycle, or demand profile. The increasing DOH could reflect strategic stockpiling, inventory buildup due to anticipated demand increases, or possibly challenges in inventory turnover efficiency. The data indicates that the company is holding inventory for increasingly longer durations, which may have implications for working capital and liquidity. This trend warrants further analysis into underlying operational factors to assess whether the increasing DOH is strategically driven or indicative of underlying inefficiencies.

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Jun 30, 2025