Novagold Resources (TSX:NG) Change In Inventory : C$0.00 Mil (TTM As of Feb. 2024)

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What is Novagold Resources Change In Inventory?

Novagold Resources's change in inventory for the quarter that ended in Feb. 2024 was C$0.00 Mil. It means Novagold Resources's inventory stayed the same from Nov. 2023 to Feb. 2024 .

Novagold Resources's change in inventory for the fiscal year that ended in Nov. 2023 was C$0.00 Mil. It means Novagold Resources's inventory stayed the same from Nov. 2022 to Nov. 2023 .

Novagold Resources's Total Inventories for the quarter that ended in Feb. 2024 was C$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 quarter that ended in Feb. 2024 was 0.00.

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

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 Change In Inventory Historical Data

The historical data trend for Novagold Resources's Change In Inventory 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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Novagold Resources Change In Inventory Chart

Novagold Resources Annual Data

Trend

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Change In Inventory

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Novagold Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Novagold Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.00 Mil.

Novagold Resources (TSX:NG) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.008	*	365 / 4
	=	0.00

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

Novagold Resources's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.008	/	0
	=	N/A

3. 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 Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=	N/A

Novagold Resources Change In Inventory Related Terms

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Novagold Resources (TSX:NG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (TSX:NG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.