High North Resources (High North Resources) Inventory Turnover : 0.00 (As of Jun. 2015)

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What is High North Resources 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. High North Resources's Cost of Goods Sold for the three months ended in Jun. 2015 was $0.62 Mil. High North Resources's Average Total Inventories for the quarter that ended in Jun. 2015 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High North Resources's Days Inventory for the three months ended in Jun. 2015 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. High North Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.00.

High North Resources Inventory Turnover Historical Data

The historical data trend for High North Resources'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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High North Resources Inventory Turnover Chart

High North Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Inventory Turnover

High North Resources Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Inventory Turnover	Get a 7-Day Free Trial													-	-	-	-	-

High North Resources Inventory Turnover Calculation

High North Resources's Inventory Turnover for the fiscal year that ended in Sep. 2014 is calculated as

	Inventory Turnover (A: Sep. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2014 )	/ (	(Total Inventories (A: Sep. 2013 )	+	Total Inventories (A: Sep. 2014 ))	/	count )
=	3.127	/ (	(0	+	0)	/	1 )
=	3.127	/	0
=	N/A

High North Resources's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	0.624	/ (	(0	+	0)	/	1 )
=	0.624	/	0
=	N/A

High North Resources (OTCPK:HNTHF) 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.

High North Resources's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	0	/	0.624	*	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.

High North Resources's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	0	/	0.499
	=	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.

High North Resources Inventory Turnover Related Terms

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High North Resources (High North Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High North Resources Ltd (OTCPK:HNTHF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 – 7th Avenue South West, Suite 2800, First Canadian Centre, Calgary, AB, CAN, T2P 3N9

Website

http://www.highnorthresources.com

High North Resources Ltd is primarily engaged in the business of production, exploration, and development of oil and gas properties. The company operates through Chemical and Allied Products Merchant Wholesalers; exporting and importing base oil; Starch and Vegetable Fats and Oils Manufacturing segments. Geographically, it operates through the region of Canada. The organization generates most of its revenues from the trading on base oil, chemicals, and crude oil.

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