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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. Novagold Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Novagold Resources's Average Total Inventories for the quarter that ended in Nov. 2023 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novagold Resources's Days Inventory for the three months ended in Nov. 2023 was 0.00.
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.
The historical data trend for Novagold Resources'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.
Novagold Resources's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as
Inventory Turnover (A: Nov. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Nov. 2023 ) | / ( | (Total Inventories (A: Nov. 2022 ) | + | Total Inventories (A: Nov. 2023 )) | / | count ) |
= | 0.01 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.01 | / | 0 | ||||
= | N/A |
Novagold Resources's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as
Inventory Turnover (Q: Nov. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Nov. 2023 ) | / ( | (Total Inventories (Q: Aug. 2023 ) | + | Total Inventories (Q: Nov. 2023 )) | / | count ) |
= | 0.005 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.005 | / | 0 | ||||
= | N/A |
* 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.
Novagold Resources (AMEX:NG) 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.
Novagold Resources's Days Inventory for the three months ended in Nov. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Nov. 2023 ) | / | Cost of Goods Sold (Q: Nov. 2023 ) | * | Days in Period |
= | 0 | / | 0.005 | * | 365 / 4 | |
= | 0.00 |
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.
Novagold Resources's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Nov. 2023 ) | / | Revenue (Q: Nov. 2023 ) |
= | 0 | / | 0 | |
= |
* 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.
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.
Thank you for viewing the detailed overview of Novagold Resources's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory A. Lang | director, officer: President & CEO | C/O TRILOGY METALS INC., 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4 |
Kalidas V Madhavpeddi | director | 511 ARROYO SQ, SOUTH PASADENA CA 91030 |
Diane R Garrett | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN, SUITE 400, SALT LAKE CITY UT 84111 |
Ethan Schutt | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Anthony P. Walsh | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Dawn Patricia Whittaker | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Hume D. Kyle | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Quintanilla Daniel Muniz | director | C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028 |
Sharon Dowdall | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
David A. Ottewell | officer: Vice President & CFO | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Clynton R. Nauman | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
C. Kevin Mcarthur | director | 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Igor Levental | director | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
Elaine J Dorward-king | director | 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111 |
David Deisley | officer: Exec. VP & General Counsel | C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111 |
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