ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Days Inventory : 40.91 (As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ADNOC Drilling Company PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ750 Mil. ADNOC Drilling Company PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1,674 Mil. Hence, ADNOC Drilling Company PJSC's Days Inventory for the three months ended in Dec. 2023 was 40.91.

The historical rank and industry rank for ADNOC Drilling Company PJSC's Days Inventory or its related term are showing as below:

ADX:ADNOCDRILL' s Days Inventory Range Over the Past 10 Years
Min: 27.93 Med: 35.07 Max: 46.39
Current: 38.61

During the past 6 years, ADNOC Drilling Company PJSC's highest Days Inventory was 46.39. The lowest was 27.93. And the median was 35.07.

ADX:ADNOCDRILL's Days Inventory is ranked worse than
57.06% of 729 companies
in the Oil & Gas industry
Industry Median: 31.44 vs ADX:ADNOCDRILL: 38.61

ADNOC Drilling Company PJSC's Days Inventory increased from Dec. 2022 (31.14) to Dec. 2023 (40.91). It might indicate that ADNOC Drilling Company PJSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Drilling Company PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 2.23.

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 Drilling Company PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.

ADNOC Drilling Company PJSC Days Inventory Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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.

* Premium members only.

ADNOC Drilling Company PJSC Days Inventory Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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30.10

42.55

46.39

34.64

35.49

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											31.14	37.68	41.30	36.51	40.91

Competitive Comparison of ADNOC Drilling Company PJSC's Days Inventory

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where ADNOC Drilling Company PJSC's Days Inventory falls into.

ADNOC Drilling Company PJSC Days Inventory Calculation

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

ADNOC Drilling Company PJSC'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
=	( (563.289	+	756.983)	/	2 )	/	6789.955	*	365
=	660.136					/	6789.955	*	365
=	35.49

ADNOC Drilling Company PJSC'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (743.835	+	756.983)	/	2 )	/	1673.611	*	365 / 4
=	750.409					/	1673.611	*	365 / 4
=	40.91

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) 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.

ADNOC Drilling Company PJSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1673.611	/	750.409
	=	2.23

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.

ADNOC Drilling Company PJSC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	750.409	/	3087.598
	=	0.24

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.

ADNOC Drilling Company PJSC Days Inventory Related Terms

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

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Days Inventory

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Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

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