Norse Energy ASA (OSL:NEC) Inventory Turnover : 0.00 (As of Sep. 2013)

View and export this data going back to . Start your Free Trial

What is Norse Energy ASA 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. Norse Energy ASA's Cost of Goods Sold for the three months ended in Sep. 2013 was kr0.07 Mil. Norse Energy ASA's Average Total Inventories for the quarter that ended in Sep. 2013 was kr0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norse Energy ASA's Days Inventory for the three months ended in Sep. 2013 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. Norse Energy ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.00.

Norse Energy ASA Inventory Turnover Historical Data

The historical data trend for Norse Energy ASA'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.

Norse Energy ASA Inventory Turnover Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

Get a 7-Day Free Trial

195.14

277.68

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Norse Energy ASA Inventory Turnover Calculation

Norse Energy ASA's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	0.527	/ (	(0	+	0)	/	1 )
=	0.527	/	0
=	N/A

Norse Energy ASA's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

	Inventory Turnover (Q: Sep. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2013 )	/ (	(Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )
=	0.071	/ (	(0	+	0)	/	1 )
=	0.071	/	0
=	N/A

Norse Energy ASA (OSL:NEC) 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.

Norse Energy ASA's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	0	/	0.071	*	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.

Norse Energy ASA's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	0	/	0.119
	=	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.

Norse Energy ASA Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Norse Energy ASA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Norse Energy ASA (OSL:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSL:NEC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

Norse Energy ASA (OSL:NEC) Headlines

No Headlines