Norandaome Fund (Norandaome Fund) Total Inventories : $220.7 Mil (As of Sep. 2022)

View and export this data going back to 2010. Start your Free Trial

What is Norandaome Fund Total Inventories?

Norandaome Fund's total inventories for the quarter that ended in Sep. 2022 was $220.7 Mil. Norandaome Fund's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Sep. 2022 was $224.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Norandaome Fund's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-6.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norandaome Fund's Days Inventory for the three months ended in Sep. 2022 was 140.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norandaome Fund's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.65.

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. Norandaome Fund's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 1.11.

Norandaome Fund Total Inventories Historical Data

The historical data trend for Norandaome Fund'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.

Norandaome Fund Total Inventories Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

Get a 7-Day Free Trial

232.03

149.92

157.98

170.65

180.68

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Total Inventories	Get a 7-Day Free Trial															152.58	180.68	247.74	227.85	220.67

Norandaome Fund 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.

Norandaome Fund (OTCPK:NNDIF) 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.

Norandaome Fund's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 is

	Net-Net Working Capital Per Share (Q: Sep. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.488	+	0.75 * 161.366	+	0.5 * 220.672	-	413.82
-	127.758	-	0.266)	/	49.99
=	-6.12

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

Norandaome Fund's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	224.26	/	145.924	*	365 / 4
	=	140.24

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

Norandaome Fund's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2022 )	/	Average Total Inventories (Q: Sep. 2022 )
	=	145.924	/	224.26
	=	0.65

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.

Norandaome Fund's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	224.26	/	202.825
	=	1.11

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.

Norandaome Fund Total Inventories Related Terms

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

Norandaome Fund (Norandaome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (OTCPK:NNDIF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.