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Battle North Gold (Battle North Gold) Total Inventories : $0.32 Mil (As of Mar. 2021)


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What is Battle North Gold Total Inventories?

Battle North Gold's total inventories for the quarter that ended in Mar. 2021 was $0.32 Mil. Battle North Gold's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Mar. 2021 was $0.32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Battle North Gold's Net-Net Working Capital per share for the quarter that ended in Mar. 2021 was $0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Battle North Gold's Days Inventory for the three months ended in Mar. 2021 was 74.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Battle North Gold's Inventory Turnover for the quarter that ended in Mar. 2021 was 1.23.

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.


Battle North Gold Total Inventories Historical Data

The historical data trend for Battle North Gold'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.

Battle North Gold Total Inventories Chart

Battle North Gold Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.07 0.39 0.28 0.33

Battle North Gold Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.29 0.31 0.33 0.32

Battle North Gold 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.


Battle North Gold  (OTCPK:BNAUF) 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.

Battle North Gold's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2021 is

Net-Net Working Capital Per Share (Q: Mar. 2021 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27.705+0.75 * 0+0.5 * 0.315-11.691
-0-0)/129.538
=0.12

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

Battle North Gold's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2021 )/Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=0.3245/0.399*365 / 4
=74.21

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

Battle North Gold's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2021 ) / Average Total Inventories (Q: Mar. 2021 )
=0.399 / 0.3245
=1.23

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.

Battle North Gold's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2021 ) / Revenue (Q: Mar. 2021 )
=0.3245 / 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

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.


Battle North Gold Total Inventories Related Terms

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Battle North Gold (Battle North Gold) Business Description

Traded in Other Exchanges
N/A
Address
121 King Street West, Suite 830, Toronto, ON, CAN, M5H 3T9
Battle North Gold Corp is an exploration company focused on gold mining. The company's projects include Bateman Gold Project, Red Lake Properties, Nevada Properties, and others.
Executives
Robert Ross Mcewen other: See Footnote (1) 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Lexam Explorations (u.s.a.) Inc. other: See Footnote (1) below 99 GEORGE 3RD FLOOR TORONTO A6 M5A 2N4
Evanachan Ltd 10 percent owner, other: See Footnote (1) 99 GEORGE ST. 3RD FLOOR TORONTO A6 M5A 2N4
Mcewen Trading Lp other: See Footnote (1) 99 GEORGE ST. 3RD FLOOR TORONTO A6 M5A 2N4