ADNOC Logistics & Services (ADX:ADNOCLS) Inventory Turnover : 17.70 (As of Dec. 2023)

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What is ADNOC Logistics & Services 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. ADNOC Logistics & Services's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ7,358 Mil. ADNOC Logistics & Services's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ416 Mil. ADNOC Logistics & Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 17.70.

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 six months ended in Dec. 2023 was 10.31.

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 quarter that ended in Dec. 2023 was 0.04.

ADNOC Logistics & Services Inventory Turnover Historical Data

The historical data trend for ADNOC Logistics & Services'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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ADNOC Logistics & Services Inventory Turnover Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

16.71

18.90

17.70

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Inventory Turnover	16.71	18.90	17.70

ADNOC Logistics & Services Inventory Turnover Calculation

ADNOC Logistics & Services'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 )
=	7357.927	/ (	(387.763	+	443.41)	/	2 )
=	7357.927	/	415.5865
=	17.70

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7357.927	/ (	(387.763	+	443.41)	/	2 )
=	7357.927	/	415.5865
=	17.70

ADNOC Logistics & Services (ADX:ADNOCLS) 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.

ADNOC Logistics & Services'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
	=	415.5865	/	7357.927	*	365 / 2
	=	10.31

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	415.5865	/	10119.786
	=	0.04

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.

ADNOC Logistics & Services Inventory Turnover Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Inventory Turnover

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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