Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Days Inventory : 11.49 (As of Dec. 2023)

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What is Abu Dhabi Ports Co PJSC Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abu Dhabi Ports Co PJSC's Average Total Inventories for the three months ended in Dec. 2023 was د.إ374 Mil. Abu Dhabi Ports Co PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ2,974 Mil. Hence, Abu Dhabi Ports Co PJSC's Days Inventory for the three months ended in Dec. 2023 was 11.49.

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

ADX:ADPORTS' s Days Inventory Range Over the Past 10 Years
Min: 2.94 Med: 4.03 Max: 8.87
Current: 7.94

During the past 6 years, Abu Dhabi Ports Co PJSC's highest Days Inventory was 8.87. The lowest was 2.94. And the median was 4.03.

ADX:ADPORTS's Days Inventory is ranked better than
60.77% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs ADX:ADPORTS: 7.94

Abu Dhabi Ports Co PJSC's Days Inventory increased from Dec. 2022 (3.10) to Dec. 2023 (11.49). It might indicate that Abu Dhabi Ports Co PJSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abu Dhabi Ports Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 was 7.94.

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 Ports Co PJSC's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Abu Dhabi Ports Co PJSC Days Inventory Historical Data

The historical data trend for Abu Dhabi Ports 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.

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Abu Dhabi Ports Co PJSC Days Inventory Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.18

2.94

3.78

4.27

8.87

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										3.10	4.37	5.09	6.46	11.49

Competitive Comparison of Abu Dhabi Ports Co PJSC's Days Inventory

For the Marine Shipping subindustry, Abu Dhabi Ports 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 Ports Co PJSC's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Abu Dhabi Ports Co PJSC's Days Inventory distribution charts can be found below:

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

Abu Dhabi Ports 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 Ports 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
=	( (50.772	+	374.667)	/	2 )	/	8757.158	*	365
=	212.7195					/	8757.158	*	365
=	8.87

Abu Dhabi Ports 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
=	( (373.932	+	374.667)	/	2 )	/	2973.602	*	365 / 4
=	374.2995					/	2973.602	*	365 / 4
=	11.49

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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 Ports Co PJSC's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2973.602	/	374.2995
	=	7.94

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	374.2995	/	3566.178
	=	0.10

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 Ports Co PJSC Days Inventory Related Terms

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

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Ports Co PJSC (ADX:ADPORTS) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Al Mina Street. Nearest Landmark: Zayed Port, Gate 1, Next to Zayed Port, P.O. Box 54477, Abu Dhabi, ARE, 54477

Website

https://www.adports.ae

Abu Dhabi Ports Co PJSC owns, operates, maintains, manages, and develops all ports, docks, harbors, quays, waterways, bridges, breakwaters, infrastructure, and related installations in the Emirate of Abu Dhabi. It also constructs, manages, and develops the industrial, commercial, and non-financial service-free zones on plots of land granted or allocated by the Government of Abu Dhabi. The company's segments include Ports; Economic Cities and Free Zones (EC&FZ); Logistics; Maritime; Digital and Corporate.

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Headlines

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