ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Change In Inventory : د.إ-108 Mil (TTM As of Mar. 2024)

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What is ADNOC Drilling Company PJSC Change In Inventory?

ADNOC Drilling Company PJSC's change in inventory for the quarter that ended in Mar. 2024 was د.إ-45 Mil. It means ADNOC Drilling Company PJSC's inventory increased by د.إ45 Mil from Dec. 2023 to Mar. 2024 .

ADNOC Drilling Company PJSC's change in inventory for the fiscal year that ended in Dec. 2023 was د.إ-198 Mil. It means ADNOC Drilling Company PJSC's inventory increased by د.إ198 Mil from Dec. 2022 to Dec. 2023 .

ADNOC Drilling Company PJSC's Total Inventories for the quarter that ended in Mar. 2024 was د.إ798 Mil.

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 quarter that ended in Mar. 2024 was 37.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Drilling Company PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.44.

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 quarter that ended in Mar. 2024 was 0.24.

ADNOC Drilling Company PJSC Change In Inventory Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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 Drilling Company PJSC Change In Inventory Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-147.09

-187.08

-10.11

76.24

-197.80

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												-134.29	5.25	-56.41	-12.35	-44.63

ADNOC Drilling Company PJSC Change In Inventory Calculation

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

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-108 Mil.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	777.591	/	1901.066	*	365 / 4
	=	37.32

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

ADNOC Drilling Company PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1901.066	/	777.591
	=	2.44

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 Drilling Company PJSC's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	777.591	/	3253.78
	=	0.24

ADNOC Drilling Company PJSC Change In Inventory Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

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

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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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