Mercury Systems Inc (MRCY)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.91 | 1.95 | 2.19 | 2.43 | 2.47 | |
| DOH | days | 191.41 | 187.30 | 166.33 | 150.14 | 147.81 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.91
= 191.41
Mercury Systems Inc's Days of Inventory on Hand (DOH) has shown a increasing trend over the past five years, indicating a longer time it takes for the company to sell its inventory. The DOH has risen from 147.81 days in 2020 to 191.41 days in 2024. This suggests that the company may be experiencing inventory management challenges, such as excessive inventory levels or slow-moving inventory. It is important for the company to assess its inventory management practices to optimize its inventory turnover and minimize carrying costs. Additionally, a high DOH can tie up capital and result in potential obsolescence risks.
Peer comparison
Jun 30, 2024
Company name
Symbol
DOH
Mercury Systems Inc
MRCY
191.41
Hubbell Inc
HUBB
68.88
Universal Display
OLED
473.98
Vishay Intertechnology Inc
VSH
97.36