Northern Genesis Acquisition II (Northern Genesis Acquisition II) Inventory Turnover : 0.00 (As of Sep. 2020)

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What is Northern Genesis Acquisition II 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. Northern Genesis Acquisition II's Cost of Goods Sold for the six months ended in Sep. 2020 was $0.00 Mil. Northern Genesis Acquisition II's Average Total Inventories for the quarter that ended in Sep. 2020 was $0.00 Mil.

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

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.

Northern Genesis Acquisition II Inventory Turnover Historical Data

The historical data trend for Northern Genesis Acquisition II'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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Northern Genesis Acquisition II Inventory Turnover Chart

Northern Genesis Acquisition II Annual Data

Trend

Dec20

Inventory Turnover

Northern Genesis Acquisition II Semi-Annual Data
	Sep20
Inventory Turnover	-

Northern Genesis Acquisition II Inventory Turnover Calculation

Northern Genesis Acquisition II's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

	Inventory Turnover (A: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: . 20 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Northern Genesis Acquisition II's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: . 20 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Northern Genesis Acquisition II (NYSE:NGAB.U) 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.

Northern Genesis Acquisition II's Days Inventory for the six months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

Northern Genesis Acquisition II's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0	/	0
	=

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.

Northern Genesis Acquisition II Inventory Turnover Related Terms

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Northern Genesis Acquisition II (Northern Genesis Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Genesis Acquisition Corp II (NYSE:NGAB.U) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4801 Main Street, Suite 1000, Kansas, MO, USA, 64112

Website

http://www.northerngenesis.com

Northern Genesis Acquisition Corp II operates as a blank check company.

Executives

Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Sc Us (ttgp), Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Patrick W Grady	director, 10 percent owner	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Sequoia Capital U.s. Growth Fund Vii, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Growth Vii Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Growth Vii Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Fund Xv, L.p.	10 percent owner	3000 SAND HILL ROAD, BUILDING 4, SUITE 250, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Xv Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv (q), L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Venture Xv Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ian Robertson	director	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Morgan Dioli	officer: Interim Chief Financial Ofcr	C/O EMBARK TECHNOLOGY, INC., 321 ALABAMA STREET, SAN FRANCISCO CA 94110