Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Days Inventory : 14.61 (As of Dec. 2023)

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What is Abu Dhabi National Oil Co For Distribution PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abu Dhabi National Oil Co For Distribution PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ1,287 Mil. Abu Dhabi National Oil Co For Distribution PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ8,038 Mil. Hence, Abu Dhabi National Oil Co For Distribution PJSC's Days Inventory for the three months ended in Dec. 2023 was 14.61.

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

ADX:ADNOCDIST' s Days Inventory Range Over the Past 10 Years
Min: 16.1 Med: 23.3 Max: 29.02
Current: 16.1

During the past 9 years, Abu Dhabi National Oil Co For Distribution PJSC's highest Days Inventory was 29.02. The lowest was 16.10. And the median was 23.30.

ADX:ADNOCDIST's Days Inventory is ranked better than
92.31% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.765 vs ADX:ADNOCDIST: 16.10

Abu Dhabi National Oil Co For Distribution PJSC's Days Inventory declined from Dec. 2022 (17.66) to Dec. 2023 (14.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abu Dhabi National Oil Co For Distribution PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 6.24.

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 Oil Co For Distribution PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.13.

Abu Dhabi National Oil Co For Distribution PJSC Days Inventory Historical Data

The historical data trend for Abu Dhabi National Oil Co For Distribution 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.

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Abu Dhabi National Oil Co For Distribution PJSC Days Inventory Chart

Abu Dhabi National Oil Co For Distribution PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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23.30

27.97

19.45

16.10

16.36

Abu Dhabi National Oil Co For Distribution 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															17.66	18.42	16.84	14.65	14.61

Competitive Comparison of Abu Dhabi National Oil Co For Distribution PJSC's Days Inventory

For the Specialty Retail subindustry, Abu Dhabi National Oil Co For Distribution 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 Oil Co For Distribution PJSC's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Abu Dhabi National Oil Co For Distribution PJSC's Days Inventory distribution charts can be found below:

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

Abu Dhabi National Oil Co For Distribution 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 Oil Co For Distribution 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
=	( (1286.377	+	1294.423)	/	2 )	/	28792.893	*	365
=	1290.4					/	28792.893	*	365
=	16.36

Abu Dhabi National Oil Co For Distribution 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
=	( (1280.122	+	1294.423)	/	2 )	/	8038.423	*	365 / 4
=	1287.2725					/	8038.423	*	365 / 4
=	14.61

Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) 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 Oil Co For Distribution PJSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8038.423	/	1287.2725
	=	6.24

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 Oil Co For Distribution PJSC's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1287.2725	/	9563.702
	=	0.13

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 Oil Co For Distribution PJSC Days Inventory Related Terms

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

Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) » Definitions » Days Inventory

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Traded in Other Exchanges

N/A

Address

Sheikh Zayed Bin Sultan Street, P.O. Box 4188, Next to National Drilling Company and UNB Building, Abu Dhabi, ARE

Website

https://www.adnocdistribution.ae

Abu Dhabi National Oil Co For Distribution PJSC is an operator of retail fuel service stations in the United Arab Emirates. The company segments include Commercial (B2B) and Retail (B2C). It generates maximum revenue from the Retail (B2C) segment. Retail (B2C) segment which involves the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services and property leasing and management through the retail sites.

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