Nevada Gold & Casinos (Nevada Gold & Casinos) Inventory Turnover : 22.10 (As of Jan. 2019)

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What is Nevada Gold & Casinos 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. Nevada Gold & Casinos's Cost of Goods Sold for the three months ended in Jan. 2019 was $7.75 Mil. Nevada Gold & Casinos's Average Total Inventories for the quarter that ended in Jan. 2019 was $0.35 Mil. Nevada Gold & Casinos's Inventory Turnover for the quarter that ended in Jan. 2019 was 22.10.

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-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 Inventory Turnover Historical Data

The historical data trend for Nevada Gold & Casinos'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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Nevada Gold & Casinos Inventory Turnover Chart

Nevada Gold & Casinos Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Inventory Turnover

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103.46

102.73

99.07

102.24

101.96

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
Inventory Turnover	Get a 7-Day Free Trial															19.04	38.47	21.80	21.68	22.10

Nevada Gold & Casinos Inventory Turnover Calculation

Nevada Gold & Casinos's Inventory Turnover for the fiscal year that ended in Apr. 2018 is calculated as

	Inventory Turnover (A: Apr. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2018 )	/ (	(Total Inventories (A: Apr. 2017 )	+	Total Inventories (A: Apr. 2018 ))	/	count )
=	43.485	/ (	(0.423	+	0.43)	/	2 )
=	43.485	/	0.4265
=	101.96

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

	Inventory Turnover (Q: Jan. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2019 )	/ (	(Total Inventories (Q: Oct. 2018 )	+	Total Inventories (Q: Jan. 2019 ))	/	count )
=	7.745	/ (	(0.345	+	0.356)	/	2 )
=	7.745	/	0.3505
=	22.10

Nevada Gold & Casinos (AMEX:UWN) 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.

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

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.

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

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.

Nevada Gold & Casinos Inventory Turnover 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 » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

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