Noble Group (Noble Group) Total Inventories : $122 Mil (As of Sep. 2018)

View and export this data going back to 2008. Start your Free Trial

What is Noble Group Total Inventories?

Noble Group's total inventories for the quarter that ended in Sep. 2018 was $122 Mil. Noble Group's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $119 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noble Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-27.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noble Group's Days Inventory for the three months ended in Sep. 2018 was 9.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 was 9.74.

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. Noble Group's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.10.

Noble Group Total Inventories Historical Data

The historical data trend for Noble Group'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.

* Premium members only.

Noble Group Total Inventories Chart

Noble Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

Get a 7-Day Free Trial

3,089.97

2,287.08

1,791.52

1,643.05

166.42

Noble Group Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															231.94	166.42	109.09	116.54	121.85

Noble Group 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.

Noble Group (OTCPK:NOBGY) 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.

Noble Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(583.285	+	0.75 * 624.116	+	0.5 * 121.853	-	4691.299
-	0	-	4.599)	/	132.748
=	-27.00

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

Noble Group's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	119.1945	/	1160.755	*	365 / 4
	=	9.37

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

Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	1160.755	/	119.1945
	=	9.74

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.

Noble Group's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	119.1945	/	1209.987
	=	0.10

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.

Noble Group Total Inventories Related Terms

Thank you for viewing the detailed overview of Noble Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Noble Group (Noble Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Noble Group Ltd (OTCPK:NOBGY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Gloucester Road, 18th Floor, Mass Mutual Tower, China Evergrande Centre, Hong Kong, HKG

Website

http://www.thisisnoble.com

Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.

Noble Group (Noble Group) Headlines

No Headlines