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Northern Graphite (TSXV:NGC) Inventory Turnover : 0.19 (As of Sep. 2023)


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What is Northern Graphite 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 Graphite's Cost of Goods Sold for the three months ended in Sep. 2023 was C$4.23 Mil. Northern Graphite's Average Total Inventories for the quarter that ended in Sep. 2023 was C$22.32 Mil. Northern Graphite's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northern Graphite's Days Inventory for the three months ended in Sep. 2023 was 481.45.

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 Graphite's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 4.53.

Northern Graphite Inventory Turnover Historical Data

The historical data trend for Northern Graphite'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.

* Premium members only.

Northern Graphite Inventory Turnover Chart

Northern Graphite Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.49

Northern Graphite 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.16 0.19 0.15 0.19

Northern Graphite Inventory Turnover Calculation

Northern Graphite'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 )
=8.943 / ((0 + 18.265) / 1 )
=8.943 / 18.265
=0.49

Northern Graphite'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 )
=4.231 / ((22.224 + 22.423) / 2 )
=4.231 / 22.3235
=0.19

* 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.

Northern Graphite  (TSXV:NGC) 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 Graphite'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
=22.3235/4.231*365 / 4
=481.45

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 Graphite'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 )
=22.3235 / 4.933
=4.53

* 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.

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 Graphite Inventory Turnover Related Terms

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Northern Graphite (TSXV:NGC) Business Description

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Address
1000 Innovation Drive, Suite 500, Ottawa, ON, CAN, K2K 3E7
Website
https://www.northerngraphite.com
Northern Graphite Corp is a Canada-based exploration stage company engaged in the exploration and development of mineral resource properties. The company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells, and graphene, as well as advanced industrial technologies. Its exploration and development activities are focused on the Bissett Creek Property in Ontario, Canada, and Okanjande in Namibia.