Mercury Systems Inc (MRCY)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 657,526 | 639,374 | 657,154 | 593,241 | 538,808 |
| Inventory | US$ in thousands | -17,087 | 335,300 | 337,216 | 270,339 | 221,640 |
| Inventory turnover | — | 1.91 | 1.95 | 2.19 | 2.43 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $657,526K ÷ $-17,087K
= —
The inventory turnover ratio for Mercury Systems Inc. demonstrates a declining trend over the specified period. As of June 30, 2021, the ratio was 2.43, indicating that the company sold and replaced its inventory approximately 2.43 times within the fiscal year. By June 30, 2022, this ratio decreased to 2.19, reflecting a slight reduction in inventory efficiency. The decline continued into 2023, with the turnover ratio reaching 1.95, and further diminishing to 1.91 by June 30, 2024. The data for June 30, 2025, is not available.
The consistent decrease in inventory turnover suggests that Mercury Systems Inc. has been holding its inventory for longer periods over time. This trend may be indicative of several underlying factors, including an accumulation of excess inventory, slower sales or demand, or strategic changes in inventory management. A declining inventory turnover ratio generally points to reduced inventory efficiency, which could impact liquidity and operational performance if not addressed appropriately.
Peer comparison
Jun 30, 2025