Novagold Resources (MEX:NGN) Inventory Turnover: 0.00 (As of May. 2026)

What is Novagold Resources Inventory Turnover?

Novagold Resources MEX:NGN 33 Inventory Turnover is 0.00 as of May. 2026. GuruFocus rates MEX:NGN with a GF Score™ of 33/100. The stock has 1 warning sign investors should review.

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. Novagold Resources's Cost of Goods Sold for the three months ended in May. 2026 was MXN0.09 Mil. Novagold Resources's Average Total Inventories for the quarter that ended in May. 2026 was MXN0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novagold Resources's Days Inventory for the three months ended in May. 2026 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.

Novagold Resources (MEX:NGN) 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.

Novagold Resources's Days Inventory for the three months ended in May. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2026 )	/	Cost of Goods Sold (Q: May. 2026 )	*	Days in Period
	=	0	/	0.087	*	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.

Novagold Resources's Inventory to Revenue for the quarter that ended in May. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2026 )	/	Revenue (Q: May. 2026 )
	=	0	/	0
	=

* 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.

Novagold Resources Inventory Turnover Related Terms

Novagold Resources Inventory Turnover Historical Data

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The historical data trend for Novagold Resources's Inventory Turnover can be seen below:

Novagold Resources Inventory Turnover Chart

Novagold Resources Annual Data

Trend

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Inventory Turnover

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0.00

Novagold Resources Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Inventory Turnover	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

33GF Score

Novagold Resources Inc MEX:NGN

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Novagold Resources Inventory Turnover Calculation

Novagold Resources's Inventory Turnover for the fiscal year that ended in Nov. 2025 is calculated as

	Inventory Turnover (A: Nov. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2025 )	/ (	(Total Inventories (A: Nov. 2024 )	+	Total Inventories (A: Nov. 2025 ))	/	count )
=	0.403	/ (	(0	+	0)	/	1 )
=	0.403	/	0
=	N/A

Novagold Resources's Inventory Turnover for the quarter that ended in May. 2026 is calculated as

	Inventory Turnover (Q: May. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2026 )	/ (	(Total Inventories (Q: Feb. 2026 )	+	Total Inventories (Q: May. 2026 ))	/	count )
=	0.087	/ (	(0	+	0)	/	1 )
=	0.087	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Novagold Resources (MEX:NGN) has a Inventory Turnover of 0.00 as of May. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Novagold Resources and its competitors.

Is Novagold Resources' Inventory Turnover too high?

Novagold Resources' current Inventory Turnover is 0.00. Overall, Novagold Resources has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.

How does Novagold Resources' Inventory Turnover compare to NEM and AU?

Novagold Resources' Inventory Turnover of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Novagold Resources and its competitors. Novagold Resources's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Novagold Resources stock overvalued right now?

Novagold Resources (MEX:NGN) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Novagold Resources' overall GF Score™ is 33/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Novagold Resources (MEX:NGN), the current Inventory Turnover is 0.00 as of May. 2026. 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.

Novagold Resources Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:SEA TSX:AAUC TSX:FVI TSX:WDO TSX:ARIS TSX:CG TSX:OLA TSX:TXG TSX:KNT TSX:GTWO NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Other Exchanges NG:USA NGR:Germany NG:Canada NG:Argentina

Address 201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website https://www.novagold.com

Novagold Resources Inc operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other precious metals.

33GF Score

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