Millenniumpthorne Hotels New Zealand (NZSE:MCK) Days Inventory : 7.03 (As of Dec. 2023)

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What is Millenniumpthorne Hotels New Zealand Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Millenniumpthorne Hotels New Zealand's Average Total Inventories for the six months ended in Dec. 2023 was NZ$1.5 Mil. Millenniumpthorne Hotels New Zealand's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$39.1 Mil. Hence, Millenniumpthorne Hotels New Zealand's Days Inventory for the six months ended in Dec. 2023 was 7.03.

The historical rank and industry rank for Millenniumpthorne Hotels New Zealand's Days Inventory or its related term are showing as below:

NZSE:MCK' s Days Inventory Range Over the Past 10 Years
Min: 6.1 Med: 7.31 Max: 8.24
Current: 7.93

During the past 13 years, Millenniumpthorne Hotels New Zealand's highest Days Inventory was 8.24. The lowest was 6.10. And the median was 7.31.

NZSE:MCK's Days Inventory is ranked better than
74.48% of 674 companies
in the Travel & Leisure industry
Industry Median: 35.91 vs NZSE:MCK: 7.93

Millenniumpthorne Hotels New Zealand's Days Inventory declined from Dec. 2022 (8.68) to Dec. 2023 (7.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Millenniumpthorne Hotels New Zealand's Inventory Turnover for the six months ended in Dec. 2023 was 25.94.

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. Millenniumpthorne Hotels New Zealand's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Millenniumpthorne Hotels New Zealand Days Inventory Historical Data

The historical data trend for Millenniumpthorne Hotels New Zealand'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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Millenniumpthorne Hotels New Zealand Days Inventory Chart

Millenniumpthorne Hotels New Zealand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.17

6.78

6.10

8.20

Millenniumpthorne Hotels New Zealand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															7.12	7.11	8.68	8.82	7.03

Competitive Comparison of Millenniumpthorne Hotels New Zealand's Days Inventory

For the Lodging subindustry, Millenniumpthorne Hotels New Zealand'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.

Millenniumpthorne Hotels New Zealand's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Millenniumpthorne Hotels New Zealand's Days Inventory distribution charts can be found below:

* The bar in red indicates where Millenniumpthorne Hotels New Zealand's Days Inventory falls into.

Millenniumpthorne Hotels New Zealand Days Inventory Calculation

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

Millenniumpthorne Hotels New Zealand's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.409	+	1.64)	/	2 )	/	67.879	*	365
=	1.5245					/	67.879	*	365
=	8.20

Millenniumpthorne Hotels New Zealand'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
=	( (1.374	+	1.64)	/	2 )	/	39.099	*	365 / 2
=	1.507					/	39.099	*	365 / 2
=	7.03

Millenniumpthorne Hotels New Zealand (NZSE:MCK) 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.

Millenniumpthorne Hotels New Zealand's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.099	/	1.507
	=	25.94

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.

Millenniumpthorne Hotels New Zealand's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.507	/	85.608
	=	0.02

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.

Millenniumpthorne Hotels New Zealand Days Inventory Related Terms

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

Millenniumpthorne Hotels New Zealand (NZSE:MCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels New Zealand Ltd (NZSE:MCK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MCKPA.PFD:New Zealand

Address

23 Customs Street East, Victoria Street West, Level 7, PO Box 5640,, Auckland, NZL, 1142

Website

https://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Ltd is engaged in the ownership and operation of hotels in New Zealand. In addition, the group is also involved in the residential development and sale of land in New Zealand and the development and sale of residential units in Australia. The operating segments of the group are Hotel operations which comprise income from the ownership and management of hotels, Residential land development, comprising the development and sale of land and Residential and commercial property development, comprising the development and sale of residential apartments. The majority of the revenue is generated from the Hotel operations segment. The company operates in the geographical areas of New Zealand and Australia.