ADNOC Gas (ADX:ADNOCGAS) Change In Inventory : د.إ-251 Mil (TTM As of Dec. 2023)

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What is ADNOC Gas Change In Inventory?

ADNOC Gas's change in inventory for the quarter that ended in Dec. 2023 was د.إ-251 Mil. It means ADNOC Gas's inventory increased by د.إ251 Mil from Dec. 2021 to Dec. 2023 .

ADNOC Gas's change in inventory for the fiscal year that ended in Dec. 2023 was د.إ-251 Mil. It means ADNOC Gas's inventory increased by د.إ251 Mil from Dec. 2021 to Dec. 2023 .

ADNOC Gas's Total Inventories for the quarter that ended in Dec. 2023 was د.إ670 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ADNOC Gas's Days Inventory for the quarter that ended in Dec. 2023 was 1.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Gas's Inventory Turnover for the quarter that ended in Dec. 2023 was 144.82.

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. ADNOC Gas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

ADNOC Gas Change In Inventory Historical Data

The historical data trend for ADNOC Gas's Change In 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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ADNOC Gas Change In Inventory Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Change In Inventory

-250.87

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Change In Inventory	-	-	-250.87

ADNOC Gas Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 was د.إ-251 Mil.

ADNOC Gas (ADX:ADNOCGAS) Change In Inventory Explanation

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

ADNOC Gas's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	335.132	/	48532.384	*	365 / 2
	=	1.26

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

ADNOC Gas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48532.384	/	335.132
	=	144.82

3. 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.

ADNOC Gas's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	335.132	/	65766.218
	=	0.01

ADNOC Gas Change In Inventory Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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