Abu Dhabi National Energy Co PJSC (ADX:TAQA) Inventory Turnover : 2.87 (As of Dec. 2023)

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What is Abu Dhabi National Energy Co 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. Abu Dhabi National Energy Co PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ9,466 Mil. Abu Dhabi National Energy Co PJSC's Average Total Inventories for the quarter that ended in Dec. 2023 was د.إ3,298 Mil. Abu Dhabi National Energy Co PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abu Dhabi National Energy Co PJSC's Days Inventory for the three months ended in Dec. 2023 was 31.79.

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. Abu Dhabi National Energy Co PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Abu Dhabi National Energy Co PJSC Inventory Turnover Historical Data

The historical data trend for Abu Dhabi National Energy Co 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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Abu Dhabi National Energy Co PJSC Inventory Turnover Chart

Abu Dhabi National Energy Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.69

9.96

9.92

10.87

11.97

Abu Dhabi National Energy Co PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.50	2.86	3.09	2.93	2.87

Abu Dhabi National Energy Co PJSC Inventory Turnover Calculation

Abu Dhabi National Energy Co 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 )
=	39519	/ (	(3402	+	3202)	/	2 )
=	39519	/	3302
=	11.97

Abu Dhabi National Energy Co PJSC'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9466	/ (	(3394	+	3202)	/	2 )
=	9466	/	3298
=	2.87

Abu Dhabi National Energy Co PJSC (ADX:TAQA) 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.

Abu Dhabi National Energy Co PJSC's Days Inventory for the three 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
	=	3298	/	9466	*	365 / 4
	=	31.79

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.

Abu Dhabi National Energy Co PJSC'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 )
	=	3298	/	12252
	=	0.27

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.

Abu Dhabi National Energy Co PJSC Inventory Turnover Related Terms

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Abu Dhabi National Energy Co PJSC (ADX:TAQA) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Abu Dhabi National Energy Co PJSC (ADX:TAQA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.taqa.com

Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated leading global energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

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