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ADNOC Logistics & Services (ADX:ADNOCLS) Days Inventory : 17.22 (As of Dec. 2022)


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What is ADNOC Logistics & Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ADNOC Logistics & Services's Average Total Inventories for the six months ended in Dec. 2022 was د.إ300 Mil. ADNOC Logistics & Services's Cost of Goods Sold for the six months ended in Dec. 2022 was د.إ6,357 Mil. Hence, ADNOC Logistics & Services's Days Inventory for the six months ended in Dec. 2022 was 8.61.

The historical rank and industry rank for ADNOC Logistics & Services's Days Inventory or its related term are showing as below:

ADX:ADNOCLS' s Days Inventory Range Over the Past 10 Years
Min: 17.22   Med: 19.53   Max: 21.84
Current: 17.22

During the past 2 years, ADNOC Logistics & Services's highest Days Inventory was 21.84. The lowest was 17.22. And the median was 19.53.

ADX:ADNOCLS's Days Inventory is ranked worse than
62.79% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs ADX:ADNOCLS: 17.22

ADNOC Logistics & Services's Days Inventory increased from . 20 (0.00) to Dec. 2022 (17.22). It might indicate that ADNOC Logistics & Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADNOC Logistics & Services's Inventory Turnover for the six months ended in Dec. 2022 was 21.20.

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 Logistics & Services's Inventory-to-Revenue for the six months ended in Dec. 2022 was 0.04.

ADNOC Logistics & Services Days Inventory Historical Data

The historical data trend for ADNOC Logistics & Services'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.

* Premium members only.

ADNOC Logistics & Services Days Inventory Chart

ADNOC Logistics & Services Annual Data
Trend Dec21 Dec22
Days Inventory
21.84 17.22

ADNOC Logistics & Services Semi-Annual Data
Dec21 Dec22
Days Inventory 21.84 17.22

Competitive Comparison of ADNOC Logistics & Services's Days Inventory

For the Marine Shipping subindustry, ADNOC Logistics & Services'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.

ADNOC Logistics & Services's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Days Inventory falls into.


ADNOC Logistics & Services Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ADNOC Logistics & Services's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (211.931 + 387.756) / 2 ) / 6356.807*365
=299.8435 / 6356.807*365
=17.22

ADNOC Logistics & Services's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (211.931 + 387.756) / 2 ) / 6356.807*365 / 2
=299.8435 / 6356.807*365 / 2
=8.61

* 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 Logistics & Services  (ADX:ADNOCLS) 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.

ADNOC Logistics & Services's Inventory Turnover for the six months ended in Dec. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6356.807 / 299.8435
=21.20

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 Logistics & Services's Inventory to Revenue for the six months ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=299.8435 / 8400.953
=0.04

* 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

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.

ADNOC Logistics & Services Days Inventory Related Terms

Thank you for viewing the detailed overview of ADNOC Logistics & Services's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Days Inventory
Comparable Companies
ADX:ADPORTS DFM:GULFNAV BSP:PSVM11 OCSE:MAERSK B XTER:HLAG BOM:532921 HKSE:01919 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 TSE:9107 HKSE:00316 HKSE:01138 XKRX:011200 PHS:ICT TPE:2603 XKLS:3816 HKSE:00144 SZSE:001872
Traded in Other Exchanges
N/A
Address
Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649
Website
https://www.adnoc.ae
ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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