Dubai Electricity & Water Authority PJSC (DFM:DEWA) Inventory Turnover : 2.81 (As of Mar. 2024)

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What is Dubai Electricity & Water Authority 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. Dubai Electricity & Water Authority PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ4,037 Mil. Dubai Electricity & Water Authority PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ1,434 Mil. Dubai Electricity & Water Authority PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dubai Electricity & Water Authority PJSC's Days Inventory for the three months ended in Mar. 2024 was 32.42.

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. Dubai Electricity & Water Authority PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Dubai Electricity & Water Authority PJSC Inventory Turnover Historical Data

The historical data trend for Dubai Electricity & Water Authority 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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Dubai Electricity & Water Authority PJSC Inventory Turnover Chart

Dubai Electricity & Water Authority PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.00

10.98

10.84

11.39

12.60

Dubai Electricity & Water Authority PJSC Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.68	3.10	3.48	3.28	2.81

Dubai Electricity & Water Authority PJSC Inventory Turnover Calculation

Dubai Electricity & Water Authority 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 )
=	17932.654	/ (	(1445.216	+	1401.155)	/	2 )
=	17932.654	/	1423.1855
=	12.60

Dubai Electricity & Water Authority 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 )
=	4036.725	/ (	(1401.155	+	1467.204)	/	2 )
=	4036.725	/	1434.1795
=	2.81

Dubai Electricity & Water Authority PJSC (DFM:DEWA) 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.

Dubai Electricity & Water Authority 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
	=	1434.1795	/	4036.725	*	365 / 4
	=	32.42

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.

Dubai Electricity & Water Authority 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 )
	=	1434.1795	/	5800.001
	=	0.25

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.

Dubai Electricity & Water Authority PJSC Inventory Turnover Related Terms

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Dubai Electricity & Water Authority PJSC (DFM:DEWA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Dubai Electricity & Water Authority PJSC (DFM:DEWA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Sheikh Rashid Road, Umm Hurair 2, P.O. Box 564, Near Wafi Mall, Happiness Center Zaabeel East, Dubai, ARE

Website

https://www.dewa.gov.ae

Dubai Electricity & Water Authority PJSC is engaged in water desalination and distribution and the generation, transmission and distribution of electricity, throughout the Emirate of Dubai. The group is organised into four segments: Electricity, Water, District cooling charges, and others. It generates maximum revenue from the Electricity segment.

Dubai Electricity & Water Authority PJSC (DFM:DEWA) Headlines

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