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

ADNOC Gas (ADX:ADNOCGAS) Inventory Turnover : 72.41 (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is ADNOC Gas Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ADNOC Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ48,532 Mil. ADNOC Gas's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ670 Mil. ADNOC Gas's Inventory Turnover for the quarter that ended in Dec. 2023 was 72.41.

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 six months ended in Dec. 2023 was 2.52.

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 quarter that ended in Dec. 2023 was 0.01.

ADNOC Gas Inventory Turnover Historical Data

The historical data trend for ADNOC Gas's Inventory Turnover 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 Inventory Turnover Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
Inventory Turnover
- - 72.41

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
Inventory Turnover - - 72.41

ADNOC Gas Inventory Turnover Calculation

ADNOC Gas's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2023 )) / count )
=48531.724 / ((0 + 670.255) / 1 )
=48531.724 / 670.255
=72.41

ADNOC Gas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Dec. 2023 )) / count )
=48531.724 / ((0 + 670.255) / 1 )
=48531.724 / 670.255
=72.41

* 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.

ADNOC Gas  (ADX:ADNOCGAS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=670.255/48531.724*365 / 2
=2.52

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=670.255 / 65765.323
=0.01

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ADNOC Gas Inventory Turnover Related Terms

Thank you for viewing the detailed overview of ADNOC Gas's Inventory Turnover 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 » Inventory Turnover
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.

ADNOC Gas (ADX:ADNOCGAS) Headlines

No Headlines