Novagold Resources (TSX:NG) Inventory Turnover : 0.00 (As of Feb. 2025)

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What is Novagold 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. Novagold Resources's Cost of Goods Sold for the three months ended in Feb. 2025 was C$0.01 Mil. Novagold Resources's Average Total Inventories for the quarter that ended in Feb. 2025 was C$0.00 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 Feb. 2025 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 Inventory Turnover Historical Data

The historical data trend for Novagold 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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Novagold Resources Inventory Turnover Chart

Novagold Resources Annual Data

Trend

Nov15

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Nov23

Nov24

Inventory Turnover

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Novagold Resources Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Novagold Resources Inventory Turnover Calculation

Novagold Resources's Inventory Turnover for the fiscal year that ended in Nov. 2024 is calculated as

	Inventory Turnover (A: Nov. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2024 )	/ (	(Total Inventories (A: Nov. 2023 )	+	Total Inventories (A: Nov. 2024 ))	/	count )
=	0.031	/ (	(0	+	0)	/	1 )
=	0.031	/	0
=	N/A

Novagold Resources's Inventory Turnover for the quarter that ended in Feb. 2025 is calculated as

	Inventory Turnover (Q: Feb. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2025 )	/ (	(Total Inventories (Q: Nov. 2024 )	+	Total Inventories (Q: Feb. 2025 ))	/	count )
=	0.009	/ (	(0	+	0)	/	1 )
=	0.009	/	0
=	N/A

Novagold Resources (TSX:NG) 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 Feb. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2025 )	/	Cost of Goods Sold (Q: Feb. 2025 )	*	Days in Period
	=	0	/	0.009	*	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 Feb. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2025 )	/	Revenue (Q: Feb. 2025 )
	=	0	/	0
	=

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

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Novagold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (TSX:NG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany NGR:Germany 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 presious metals.

Executives

Gregory Anthony Lang	Senior Officer
Kalidas Madhavpeddi	Director
Ronald Rimelman	Senior Officer
Diane Renee Garrett	Director
Richard Williams	Senior Officer
Ethan Schutt	Director
Anthony P. Walsh	Director
Melanie Hennessey	Senior Officer
Sharon Elizabeth Dowdall	Director
David Ottewell	Senior Officer
Clynton R. Nauman	Director
Igor Levental	Director