ADNOC Logistics & Services (ADX:ADNOCLS) Total Inventories : د.إ443 Mil (As of Dec. 2023)

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What is ADNOC Logistics & Services Total Inventories?

ADNOC Logistics & Services's total inventories for the quarter that ended in Dec. 2023 was د.إ443 Mil. ADNOC Logistics & Services's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was د.إ416 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ADNOC Logistics & Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was د.إ-0.49.

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 Turnover measures how fast the company turns over its inventory within a year. ADNOC Logistics & Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 17.70.

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 Total Inventories Historical Data

The historical data trend for ADNOC Logistics & Services's Total Inventories 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 Total Inventories Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

211.94

387.76

443.41

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Total Inventories	211.94	387.76	443.41

ADNOC Logistics & Services Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

ADNOC Logistics & Services (ADX:ADNOCLS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

ADNOC Logistics & Services's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(792.308	+	0.75 * 374.456	+	0.5 * 443.41	-	4920.723
-	0	-	0)	/	7398.5
=	-0.49

2. 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	/	7357.93	*	365 / 2
	=	10.31

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	7357.93	/	415.5865
	=	17.70

4. 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	/	10119.789
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

ADNOC Logistics & Services Total Inventories 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 » Total Inventories

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.

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