NOBGY (Noble Group) Change In Inventory: $373 Mil (TTM As of Sep. 2018)

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What is Noble Group Change In Inventory?

Noble Group NOBGY -99.00% Change In Inventory is $373 Mil as of Sep. 2018.

Noble Group's change in inventory for the quarter that ended in Sep. 2018 was $-6 Mil. It means Noble Group's inventory increased by $6 Mil from Jun. 2018 to Sep. 2018 .

Noble Group's change in inventory for the fiscal year that ended in Dec. 2017 was $996 Mil. It means Noble Group's inventory declined by $996 Mil from Dec. 2016 to Dec. 2017 .

Noble Group's Total Inventories for the quarter that ended in Sep. 2018 was $122 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noble Group's Days Inventory for the quarter that ended in Sep. 2018 was 9.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 was 9.74.

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. Noble Group's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.10.

Noble Group  (OTCPK:NOBGY) Change In Inventory Explanation

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

Noble Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=119.1945/1160.755*365 / 4
=9.37

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

Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1160.755 / 119.1945
=9.74

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.

Noble Group's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=119.1945 / 1209.987
=0.10

* 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.

Noble Group Change In Inventory Related Terms

Noble Group Change In Inventory Historical Data

* Premium members only.

The historical data trend for Noble Group'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.

Noble Group Change In Inventory Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 376.86 -704.09 519.40 148.07 995.78

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Change In Inventory 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 349.03 319.95 65.76 -7.12 -5.92

Noble Group 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $373 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $373 Mil mean?
Noble Group (NOBGY) has a Change In Inventory of $373 Mil as of Sep. 2018. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Noble Group and its competitors.
Is Noble Group's Change In Inventory too high?
Noble Group's current Change In Inventory is $373 Mil.
How does Noble Group's Change In Inventory compare to SGOC and HHHH?
Noble Group's Change In Inventory of $373 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Conglomerates company?
A good Change In Inventory depends on the Conglomerates industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Noble Group and its competitors. Noble Group's current Change In Inventory is $373 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Change In Inventory of $373 Mil. The current Change In Inventory is $373 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Noble Group (NOBGY), the current Change In Inventory is $373 Mil as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.