American Noble Gas (American Noble Gas) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is American Noble Gas Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. American Noble Gas's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.10 Mil. American Noble Gas's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Noble Gas's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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. American Noble Gas's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

American Noble Gas Inventory Turnover Historical Data

The historical data trend for American Noble Gas's Inventory Turnover 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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American Noble Gas Inventory Turnover Chart

American Noble Gas Annual Data

Trend

Dec13

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Dec21

Dec22

Inventory Turnover

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American Noble Gas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

American Noble Gas Inventory Turnover Calculation

American Noble Gas's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1.315	/ (	(0	+	0)	/	1 )
=	1.315	/	0
=	N/A

American Noble Gas's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.097	/ (	(0	+	0)	/	1 )
=	0.097	/	0
=	N/A

American Noble Gas (OTCPK:AMNI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

American Noble Gas's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0.097	*	365 / 4
	=	0.00

2. 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.

American Noble Gas's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0.022
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

American Noble Gas Inventory Turnover Related Terms

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American Noble Gas (American Noble Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » American Noble Gas Inc (OTCPK:AMNI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

15612 College Boulevard, Lenexa, KS, USA, 66219

Website

https://www.amnoblegas.com

American Noble Gas Inc is active in the energy sector. It has conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing three-dimensional (3-D) seismic data in the Perlas and Tyra concession blocks.

Executives

Thomas J Heckman	10 percent owner, officer: CEO & CFO	15612 COLLEGE BLVD., LENEXA KS 66219
John A Loeffelbein	officer: Chief Operating Officer	11900 COLLEGE BLVD., SUITE 310, OVERLAND PARK, KANSAS KS 66210
Amegy Bank National Association /gfn	10 percent owner
Daniel F Hutchins	director, officer: CFO & Secretary	11900 COLLEGE BOULEVARD, SUITE 310, OVERLAND PARK KS 66210
Renato Bertani	officer: Chief Operating Officer	633 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202
Infinity Inc	director, officer: President and CEO	15612 COLLEGE BLVD., LENEXA KS 66219
Timothy A Ficker	officer: VP and Chief Financial Officer	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Elliot M Kaplan	director	9705 LOIRET BLVD., LENEXA KS 66219
Orrie Lee Tawes	director	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Leroy C Richie	director	15612 COLLEGE BLVD., LENEXA KS 66219
Stanton E Ross	director, officer: President and Treasurer	15612 COLLEGE BLVD., LENEXA KS 66219
Jon D Klugh	officer: CFO and Secretary	211 WEST 14TH STREET, CHANUTE KS 67202
James A Tuell	officer: Pres-Infinity Oil & Gas of Wyo	1700 LINCOLN ST., SUITE 2800, DENVER CO 80203
Stephen D Stanfield	officer: Pres-Consol. Oil Well Services	950 SEVENTEENTH ST STE 800, DENVER CO 80202
James W Dean	officer: VP - Strategic and Corp. Dev.	950 SEVENTEENTH ST STE 800, DENVER CO 80202