Abu Dhabi Ports Co PJSC (ADX:ADPORTS) Inventory Turnover : 6.80 (As of Mar. 2024)

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What is Abu Dhabi Ports Co PJSC 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. Abu Dhabi Ports Co PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ2,810 Mil. Abu Dhabi Ports Co PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ413 Mil. Abu Dhabi Ports Co PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.80.

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 three months ended in Mar. 2024 was 13.43.

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 quarter that ended in Mar. 2024 was 0.11.

Abu Dhabi Ports Co PJSC Inventory Turnover Historical Data

The historical data trend for Abu Dhabi Ports Co PJSC'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.

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Abu Dhabi Ports Co PJSC Inventory Turnover Chart

Abu Dhabi Ports Co PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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114.66

123.98

96.48

85.45

41.17

Abu Dhabi Ports Co PJSC Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											20.89	17.92	14.13	7.94	6.80

Abu Dhabi Ports Co PJSC Inventory Turnover Calculation

Abu Dhabi Ports Co PJSC'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. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	8757.158	/ (	(50.772	+	374.667)	/	2 )
=	8757.158	/	212.7195
=	41.17

Abu Dhabi Ports Co PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2810.26	/ (	(374.667	+	452.304)	/	2 )
=	2810.26	/	413.4855
=	6.80

Abu Dhabi Ports Co PJSC (ADX:ADPORTS) 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.

Abu Dhabi Ports Co PJSC's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	413.4855	/	2810.26	*	365 / 4
	=	13.43

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	413.4855	/	3888.179
	=	0.11

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.

Abu Dhabi Ports Co PJSC Inventory Turnover Related Terms

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

Industry

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

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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