Ardova (NSA:ARDOVA) Days Inventory : 36.70 (As of Jun. 2022)

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What is Ardova Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ardova's Average Total Inventories for the three months ended in Jun. 2022 was ₦24,737 Mil. Ardova's Cost of Goods Sold for the three months ended in Jun. 2022 was ₦61,499 Mil. Hence, Ardova's Days Inventory for the three months ended in Jun. 2022 was 36.70.

The historical rank and industry rank for Ardova's Days Inventory or its related term are showing as below:

NSA:ARDOVA's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.94
* Ranked among companies with meaningful Days Inventory only.

Ardova's Days Inventory increased from Jun. 2021 (31.40) to Jun. 2022 (36.70). It might indicate that Ardova's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ardova's Inventory Turnover for the three months ended in Jun. 2022 was 2.49.

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. Ardova's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.39.

Ardova Days Inventory Historical Data

The historical data trend for Ardova'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.

Ardova Days Inventory Chart

Ardova Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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27.57

23.12

24.69

29.44

34.62

Ardova Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Inventory	Get a 7-Day Free Trial															31.40	32.44	28.39	36.88	36.70

Competitive Comparison of Ardova's Days Inventory

For the Oil & Gas Refining & Marketing subindustry, Ardova'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.

Ardova's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ardova's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ardova's Days Inventory falls into.

Ardova Days Inventory Calculation

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

Ardova's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (14553.608	+	21792.478)	/	2 )	/	191591.138	*	365
=	18173.043					/	191591.138	*	365
=	34.62

Ardova's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (24690.604	+	24782.775)	/	2 )	/	61498.814	*	365 / 4
=	24736.6895					/	61498.814	*	365 / 4
=	36.70

Ardova (NSA:ARDOVA) 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.

Ardova's Inventory Turnover for the three months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61498.814	/	24736.6895
	=	2.49

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.

Ardova's Inventory to Revenue for the three months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24736.6895	/	63715.018
	=	0.39

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.

Ardova Days Inventory Related Terms

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

Ardova (NSA:ARDOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ardova PLC (NSA:ARDOVA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, AP/Conoil Road, Ijora-Apapa, Lagos, NGA

Website

http://www.ardovaplc.com

Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt, and Kano as a provider of aviation fuel for local and international airlines. It also procures and markets Liquefied Petroleum Gas. It manufactures and distributes a wide range of quality lubricants, which include Super V, Visco 2000, and Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. The company is the sole authorized distributor of Shell Engine Oils and Lubricants for the Nigerian market. the company is also into renewable energy.

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