Nevada Gold & Casinos (Nevada Gold & Casinos) Total Inventories : $0.36 Mil (As of Jan. 2019)

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What is Nevada Gold & Casinos Total Inventories?

Nevada Gold & Casinos's total inventories for the quarter that ended in Jan. 2019 was $0.36 Mil. Nevada Gold & Casinos's average total inventories from the quarter that ended in Oct. 2018 to the quarter that ended in Jan. 2019 was $0.35 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Nevada Gold & Casinos's Net-Net Working Capital per share for the quarter that ended in Jan. 2019 was $0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nevada Gold & Casinos's Days Inventory for the three months ended in Jan. 2019 was 4.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nevada Gold & Casinos's Inventory Turnover for the quarter that ended in Jan. 2019 was 22.10.

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. Nevada Gold & Casinos's Inventory-to-Revenue for the quarter that ended in Jan. 2019 was 0.02.

Nevada Gold & Casinos Total Inventories Historical Data

The historical data trend for Nevada Gold & Casinos'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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Nevada Gold & Casinos Total Inventories Chart

Nevada Gold & Casinos Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Total Inventories

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0.35

0.38

0.42

0.43

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Total Inventories	Get a 7-Day Free Trial															0.44	0.43	0.34	0.35	0.36

Nevada Gold & Casinos 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.

Nevada Gold & Casinos (AMEX:UWN) 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.

Nevada Gold & Casinos's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2019 is

	Net-Net Working Capital Per Share (Q: Jan. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(17.088	+	0.75 * 0.67	+	0.5 * 0.356	-	6.149
-	0	-	0)	/	17.7658
=	0.65

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

Nevada Gold & Casinos's Days Inventory for the three months ended in Jan. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2019 )	/	Cost of Goods Sold (Q: Jan. 2019 )	*	Days in Period
	=	0.3505	/	7.745	*	365 / 4
	=	4.13

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

Nevada Gold & Casinos's Inventory Turnover for the quarter that ended in Jan. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2019 )	/	Average Total Inventories (Q: Jan. 2019 )
	=	7.745	/	0.3505
	=	22.10

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.

Nevada Gold & Casinos's Inventory to Revenue for the quarter that ended in Jan. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2019 )	/	Revenue (Q: Jan. 2019 )
	=	0.3505	/	14.564
	=	0.02

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.

Nevada Gold & Casinos Total Inventories Related Terms

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Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nevada Gold & Casinos Inc (AMEX:UWN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

133 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119

Website

http://www.nevadagold.com

Nevada Gold & Casinos Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. It operates with Washington, South Dakota, Nevada and Corporate segments. The Washington Gold segment consists of the Washington mini-casinos. The South Dakota Gold segment includes slot route operation in South Dakota. The Nevada segment consists of club fortune casino and corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. The firm has approximately 540 slot machines, seven table games and a poker room, two bars, an entertainment lounge, a William Hill sports book, a cafe, a snack bar, and a gift shop. Nevada derives the majority of revenue from casino operation and rests from others.

Executives

Michael P Shaunnessy	officer: President/CEO	50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
James Meier	officer: CFO	4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Wayne H White	director
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Channel Partnership Ii L P	10 percent owner	450 SEVENTH AVENUE SUITE 509, NEW YORK NY 10123