Norandaome Fund (TSX:NIF.UN) Change In Inventory : C$-94 Mil (TTM As of Sep. 2022)

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What is Norandaome Fund Change In Inventory?

Norandaome Fund's change in inventory for the quarter that ended in Sep. 2022 was C$23 Mil. It means Norandaome Fund's inventory declined by C$23 Mil from Jun. 2022 to Sep. 2022 .

Norandaome Fund's change in inventory for the fiscal year that ended in Dec. 2021 was C$-13 Mil. It means Norandaome Fund's inventory increased by C$13 Mil from Dec. 2020 to Dec. 2021 .

Norandaome Fund's Total Inventories for the quarter that ended in Sep. 2022 was C$294 Mil.

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 quarter that ended in Sep. 2022 was 137.38.

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 0.66.

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 1.08.

Norandaome Fund Change In Inventory Historical Data

The historical data trend for Norandaome Fund'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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Norandaome Fund Change In Inventory Chart

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Change In Inventory

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-60.13

94.22

0.17

-13.16

-12.76

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Change In Inventory	Get a 7-Day Free Trial															22.36	-36.03	-84.73	4.09	22.84

Norandaome Fund 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-94 Mil.

Norandaome Fund (TSX:NIF.UN) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	293.0455	/	194.648	*	365 / 4
	=	137.38

2. 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	/	Average Total Inventories
	=	194.648	/	293.0455
	=	0.66

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	293.0455	/	270.548
	=	1.08

Norandaome Fund Change In Inventory Related Terms

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Norandaome Fund (TSX:NIF.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (TSX:NIF.UN) » Definitions » Change In Inventory

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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.

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