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GuruFocus has detected 2 Warning Signs with Novagold Resources Inc \$NG.
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Novagold Resources Inc (AMEX:NG)
Inventory-to-Revenue
0.00 (As of Feb. 2017)

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 Inc's average inventory for the quarter that ended in Feb. 2017 was \$0.00 Mil. Novagold Resources Inc's revenue for the three months ended in Feb. 2017 was \$0.00 Mil.

Novagold Resources Inc's inventory to revenue ratio for the quarter that ended in Feb. 2017 stayed the same from Nov. 2016 (0.00) to Nov. 2016 (0.00)

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

Inventory can be measured by Days Sales of Inventory (DSI).

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

Definition

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 Inc's Inventory to Revenue for the fiscal year that ended in Nov. 2016 is calculated as

 Inventory to Revenue (A: Nov. 2016 ) = Average Inventory / Revenue = ( (Inventory (A: Nov. 2015 ) + Inventory (A: Nov. 2016 )) / 2 ) / Revenue (A: Nov. 2016 ) = ( (0 + 0) / 2 ) / 0 = 0 / 0 = N/A

Novagold Resources Inc's Inventory to Revenue for the quarter that ended in Feb. 2017 is calculated as

 Inventory to Revenue (Q: Feb. 2017 ) = Average Inventory / Revenue = ( (Inventory (Q: Nov. 2016 ) + Inventory (Q: Feb. 2017 )) / 2 ) / Revenue (Q: Feb. 2017 ) = ( (0 + 0) / 2 ) / 0 = 0 / 0 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

An increase in inventory to revenue ratio from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the inventory to revenue ratio may signal an oncoming cash flow problem.

Likewise, a decrease in the inventory to revenue ratio from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the inventory to revenue ratio, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Novagold Resources Inc's Days Inventory for the three months ended in Feb. 2017 is calculated as:

 Days Inventory = Average Inventory (Q: Feb. 2017 ) / Cost of Goods Sold (Q: Feb. 2017 ) * Days in Period = 0 / 0 * 365 / 4 =

2. Inventory can be measured by Days Sales of Inventory (DSI).

Novagold Resources Inc's Days Sales of Inventory for the three months ended in Feb. 2017 is

 Days Sales of Inventory (DSI) = Average Inventory (Q: Feb. 2017 ) / Revenue (Q: Feb. 2017 ) * Days in Period = 0 / 0 * 365 / 4 =

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

Novagold Resources Inc's Inventory Turnover for the quarter that ended in Feb. 2017 is calculated as

 Inventory Turnover = Cost of Goods Sold (Q: Feb. 2017 ) / Average Inventory (Q: Feb. 2017 ) = 0 / 0 =

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Novagold Resources Inc Annual Data

 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16 inventory2rev 0.65 1.30 4.83 9.52 0.00 0.00 0.00 0.00 0.00 0.00

Novagold Resources Inc Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 inventory2rev 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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