Mighty Craft (ASX:MCL) Days Inventory : 34.55 (As of Dec. 2023)

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What is Mighty Craft Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mighty Craft's Average Total Inventories for the six months ended in Dec. 2023 was A$5.07 Mil. Mighty Craft's Cost of Goods Sold for the six months ended in Dec. 2023 was A$26.76 Mil. Hence, Mighty Craft's Days Inventory for the six months ended in Dec. 2023 was 34.55.

The historical rank and industry rank for Mighty Craft's Days Inventory or its related term are showing as below:

ASX:MCL' s Days Inventory Range Over the Past 10 Years
Min: 47.7 Med: 69.14 Max: 74.44
Current: 47.7

During the past 5 years, Mighty Craft's highest Days Inventory was 74.44. The lowest was 47.70. And the median was 69.14.

ASX:MCL's Days Inventory is ranked better than
88.83% of 206 companies
in the Beverages - Alcoholic industry
Industry Median: 159.87 vs ASX:MCL: 47.70

Mighty Craft's Days Inventory declined from Dec. 2022 (68.81) to Dec. 2023 (34.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mighty Craft's Inventory Turnover for the six months ended in Dec. 2023 was 5.28.

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. Mighty Craft's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.18.

Mighty Craft Days Inventory Historical Data

The historical data trend for Mighty Craft'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.

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Mighty Craft Days Inventory Chart

Mighty Craft Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

65.40

72.88

74.44

53.85

Mighty Craft Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				101.59	81.59	68.81	57.66	34.55

Competitive Comparison of Mighty Craft's Days Inventory

For the Beverages - Brewers subindustry, Mighty Craft'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.

Mighty Craft's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Mighty Craft's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mighty Craft's Days Inventory falls into.

Mighty Craft Days Inventory Calculation

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

Mighty Craft's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (10.949	+	6.731)	/	2 )	/	59.921	*	365
=	8.84					/	59.921	*	365
=	53.85

Mighty Craft's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.731	+	3.401)	/	2 )	/	26.76	*	365 / 2
=	5.066					/	26.76	*	365 / 2
=	34.55

Mighty Craft (ASX:MCL) 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.

Mighty Craft's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.76	/	5.066
	=	5.28

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.

Mighty Craft's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.066	/	28.827
	=	0.18

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.

Mighty Craft Days Inventory Related Terms

Thank you for viewing the detailed overview of Mighty Craft's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Mighty Craft (ASX:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Mighty Craft Ltd (ASX:MCL) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

26 Cato Street, Hawthorn East, VIC, AUS, 3123

Website

https://www.mightycraft.com.au

Mighty Craft Ltd is engaged in craft brewery and distillery businesses. The company provides beers, spirits, ready to serve drinks, and apple cider.

Mighty Craft (ASX:MCL) Headlines

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