Dana Gas PJSC (ADX:DANA) Inventory Turnover : 1.79 (As of Mar. 2024)

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What is Dana Gas 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. Dana Gas PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ184 Mil. Dana Gas PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ103 Mil. Dana Gas PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dana Gas PJSC's Days Inventory for the three months ended in Mar. 2024 was 51.10.

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. Dana Gas PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Dana Gas PJSC Inventory Turnover Historical Data

The historical data trend for Dana Gas 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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Dana Gas PJSC Inventory Turnover Chart

Dana Gas PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.61

11.95

20.56

13.33

9.91

Dana Gas PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.80	2.33	2.20	2.35	1.79

Dana Gas PJSC Inventory Turnover Calculation

Dana Gas 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 )
=	855.787	/ (	(77.131	+	95.496)	/	2 )
=	855.787	/	86.3135
=	9.91

Dana Gas 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 )
=	183.645	/ (	(95.496	+	110.187)	/	2 )
=	183.645	/	102.8415
=	1.79

Dana Gas PJSC (ADX:DANA) 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.

Dana Gas 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
	=	102.8415	/	183.645	*	365 / 4
	=	51.10

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.

Dana Gas 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 )
	=	102.8415	/	356.272
	=	0.29

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.

Dana Gas PJSC Inventory Turnover Related Terms

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Dana Gas PJSC (ADX:DANA) Business Description

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Traded in Other Exchanges

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Address

Al Buhaira Corniche, P.O. Box 2011, Crescent Tower, 11th Floor, Sharjah, ARE

Website

https://www.danagas.com

Dana Gas PJSC is a Middle Eastern natural gas exploration and production company. It operates several assets in Egypt, the Kurdistan Region of Iraq, and the United Arab Emirates. The company's possession of assets includes both onshore and offshore assets. Assets are held through government concessions. Dana Gas operations are divided into several subsidiaries that either engage in exploration and production, gas sweetening, gas transmission, or gas processing. Traditionally, gas and condensate have contributed the largest portion of revenue.

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