Northern Sun Mining (FRA:LM8A) Inventory Turnover : 5.98 (As of Dec. 2015)

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What is Northern Sun Mining 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 Sun Mining's Cost of Goods Sold for the three months ended in Dec. 2015 was €0.91 Mil. Northern Sun Mining's Average Total Inventories for the quarter that ended in Dec. 2015 was €0.15 Mil. Northern Sun Mining's Inventory Turnover for the quarter that ended in Dec. 2015 was 5.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northern Sun Mining's Days Inventory for the three months ended in Dec. 2015 was 15.26.

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 Sun Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.28.

Northern Sun Mining Inventory Turnover Historical Data

The historical data trend for Northern Sun Mining'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 Sun Mining Inventory Turnover Chart

Northern Sun Mining Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Inventory Turnover

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22.65

44.86

25.86

23.83

38.61

Northern Sun Mining Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Inventory Turnover	Get a 7-Day Free Trial															10.39	14.81	8.58	15.74	5.98

Northern Sun Mining Inventory Turnover Calculation

Northern Sun Mining's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Inventory Turnover (A: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2015 )	/ (	(Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )
=	6.873	/ (	(0.178	+	0)	/	1 )
=	6.873	/	0.178
=	38.61

Northern Sun Mining's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

	Inventory Turnover (Q: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2015 )	/ (	(Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )
=	0.909	/ (	(0.152	+	0)	/	1 )
=	0.909	/	0.152
=	5.98

Northern Sun Mining (FRA:LM8A) 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 Sun Mining's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	0.152	/	0.909	*	365 / 4
	=	15.26

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 Sun Mining's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	0.152	/	0.539
	=	0.28

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 Sun Mining Inventory Turnover Related Terms

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Northern Sun Mining (FRA:LM8A) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Sun Mining Corp (FRA:LM8A) » Definitions » Inventory Turnover

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Website

http://www.northernsunmining.ca

Liberty Mines Inc., is engaged in exploration, development and production of nickel and related base metals from its properties in Ontario, Canada. The Company is also involved in the exploration for and development of mineral resources.

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