ADNOC Gas (ADX:ADNOCGAS) Total Inventories : د.إ670 Mil (As of Dec. 2023)

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What is ADNOC Gas Total Inventories?

ADNOC Gas's total inventories for the quarter that ended in Dec. 2023 was د.إ670 Mil. ADNOC Gas's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Dec. 2023 was د.إ335 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ADNOC Gas's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was د.إ-0.15.

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 1.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Gas's Inventory Turnover for the quarter that ended in Dec. 2023 was 144.82.

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 Total Inventories Historical Data

The historical data trend for ADNOC Gas's Total Inventories 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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ADNOC Gas Total Inventories Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Total Inventories

670.24

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Total Inventories	-	-	670.24

ADNOC Gas Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

ADNOC Gas (ADX:ADNOCGAS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

ADNOC Gas's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12227.428	+	0.75 * 999.68	+	0.5 * 670.239	-	24708.496
-	0	-	0)	/	76751.4
=	-0.15

2. 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
	=	335.1195	/	48530.574	*	365 / 2
	=	1.26

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	48530.574	/	335.1195
	=	144.82

4. 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 )
	=	335.1195	/	65763.765
	=	0.01

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

ADNOC Gas Total Inventories Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

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

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Traded in Other Exchanges

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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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