ADNOC Gas (ADX:ADNOCGAS) Days Inventory : 5.04 (As of Dec. 2023)

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What is ADNOC Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ADNOC Gas's Average Total Inventories for the six months ended in Dec. 2023 was د.إ670 Mil. ADNOC Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ48,530 Mil. Hence, ADNOC Gas's Days Inventory for the six months ended in Dec. 2023 was 2.52.

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

ADX:ADNOCGAS' s Days Inventory Range Over the Past 10 Years
Min: 5.04 Med: 5.04 Max: 5.04
Current: 5.04

During the past 3 years, ADNOC Gas's highest Days Inventory was 5.04. The lowest was 5.04. And the median was 5.04.

ADX:ADNOCGAS's Days Inventory is ranked better than
87.91% of 728 companies
in the Oil & Gas industry
Industry Median: 31.185 vs ADX:ADNOCGAS: 5.04

ADNOC Gas's Days Inventory increased from Dec. 2020 (0.00) to Dec. 2023 (5.04). It might indicate that ADNOC Gas's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Gas's Inventory Turnover for the six months ended in Dec. 2023 was 72.41.

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 six months ended in Dec. 2023 was 0.01.

ADNOC Gas Days Inventory Historical Data

The historical data trend for ADNOC Gas'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 Gas Days Inventory Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Days Inventory

5.04

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Days Inventory	-	-	5.04

Competitive Comparison of ADNOC Gas's Days Inventory

For the Oil & Gas Integrated subindustry, ADNOC Gas'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 Gas's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Gas's Days Inventory falls into.

ADNOC Gas Days Inventory Calculation

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 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. 2021 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	670.229)	/	1 )	/	48529.86	*	365
=	670.229					/	48529.86	*	365
=	5.04

ADNOC Gas'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: Dec. 2021 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	670.229)	/	1 )	/	48529.86	*	365 / 2
=	670.229					/	48529.86	*	365 / 2
=	2.52

ADNOC Gas (ADX:ADNOCGAS) 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 Gas's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48529.86	/	670.229
	=	72.41

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 Gas's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	670.229	/	65762.798
	=	0.01

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 Gas Days Inventory Related Terms

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

ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

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

Comparable Companies

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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