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Abu Dhabi National Energy Co PJSC (ADX:TAQA) Days Inventory : 31.79 (As of Dec. 2023)


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What is Abu Dhabi National Energy Co PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abu Dhabi National Energy Co PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ3,298 Mil. Abu Dhabi National Energy Co PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ9,466 Mil. Hence, Abu Dhabi National Energy Co PJSC's Days Inventory for the three months ended in Dec. 2023 was 31.79.

The historical rank and industry rank for Abu Dhabi National Energy Co PJSC's Days Inventory or its related term are showing as below:

ADX:TAQA' s Days Inventory Range Over the Past 10 Years
Min: 28.84   Med: 39.95   Max: 216.17
Current: 30.93

During the past 13 years, Abu Dhabi National Energy Co PJSC's highest Days Inventory was 216.17. The lowest was 28.84. And the median was 39.95.

ADX:TAQA's Days Inventory is ranked worse than
62.99% of 462 companies
in the Utilities - Regulated industry
Industry Median: 22.91 vs ADX:TAQA: 30.93

Abu Dhabi National Energy Co PJSC's Days Inventory declined from Dec. 2022 (36.56) to Dec. 2023 (31.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abu Dhabi National Energy Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 2.87.

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. Abu Dhabi National Energy Co PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.27.


Abu Dhabi National Energy Co PJSC Days Inventory Historical Data

The historical data trend for Abu Dhabi National Energy Co 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.

Abu Dhabi National Energy Co PJSC Days Inventory Chart

Abu Dhabi National Energy Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 216.17 36.66 36.78 33.59 30.50

Abu Dhabi National Energy Co PJSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.56 31.87 29.50 31.12 31.79

Competitive Comparison of Abu Dhabi National Energy Co PJSC's Days Inventory

For the Utilities - Diversified subindustry, Abu Dhabi National Energy Co 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.


Abu Dhabi National Energy Co PJSC's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Abu Dhabi National Energy Co PJSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Energy Co PJSC's Days Inventory falls into.



Abu Dhabi National Energy Co PJSC Days Inventory Calculation

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

Abu Dhabi National Energy Co 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
=( (3402 + 3202) / 2 ) / 39519*365
=3302 / 39519*365
=30.50

Abu Dhabi National Energy Co 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
=( (3394 + 3202) / 2 ) / 9466*365 / 4
=3298 / 9466*365 / 4
=31.79

* 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.


Abu Dhabi National Energy Co PJSC  (ADX:TAQA) 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.

Abu Dhabi National Energy Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Abu Dhabi National Energy Co PJSC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Abu Dhabi National Energy Co PJSC Days Inventory Related Terms

Thank you for viewing the detailed overview of Abu Dhabi National Energy Co PJSC's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Abu Dhabi National Energy Co PJSC (ADX:TAQA) Business Description

Traded in Other Exchanges
N/A
Address
Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE
Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated leading global energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

Abu Dhabi National Energy Co PJSC (ADX:TAQA) Headlines

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