Mercury Systems Inc (MRCY)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.91 | 1.89 | 1.85 | 1.76 | 1.95 | 1.87 | 1.99 | 2.11 | 2.19 | 2.20 | 2.26 | 2.38 | 2.43 | 2.25 | 2.17 | 2.22 | 2.47 | 2.57 | 2.62 | 2.59 | |
| DOH | days | 191.41 | 192.65 | 197.25 | 207.58 | 187.30 | 195.05 | 183.19 | 173.18 | 166.33 | 165.91 | 161.17 | 153.35 | 150.14 | 161.87 | 167.84 | 164.07 | 147.81 | 141.97 | 139.42 | 140.78 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.91
= 191.41
The days of inventory on hand (DOH) for Mercury Systems Inc have shown some fluctuations over the past few years. The trend in DOH indicates the average number of days it takes for the company to sell its inventory.
From Dec 2019 to Jun 2020, the DOH increased from 139.42 days to 147.81 days, indicating that it took longer for the company to sell its inventory during this period. However, from Sep 2020 to Dec 2020, there was a slight decrease in DOH to 164.07 days, followed by a further decrease to 161.87 days by Mar 2021.
Subsequently, the DOH decreased to its lowest level of 150.14 days by Sep 2021, signifying a more efficient inventory turnover. However, there was a slight increase in DOH in the following quarters, with an uptick to 153.35 days by Dec 2021.
From Mar 2022 to Jun 2023, there was a downward trend in DOH, reaching 165.91 days by Jun 2022. The trend reversed in the following quarters, with a gradual increase in DOH, peaking at 207.58 days by Sep 2023.
The most recent data as of Jun 2024 shows a decrease in DOH to 191.41 days, indicating improved inventory turnover efficiency compared to the previous quarter. Overall, fluctuations in DOH suggest variations in the company's inventory management practices and sales performance, which may require further analysis to understand the underlying factors driving these changes.
Peer comparison
Jun 30, 2024