NOBGY (Noble Group) Total Inventories: $122 Mil (As of Sep. 2018)


What is Noble Group Total Inventories?

Noble Group NOBGY -99.00% Total Inventories is $122 Mil as of Sep. 2018.

Noble Group's total inventories for the quarter that ended in Sep. 2018 was $122 Mil. Noble Group's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $119 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noble Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-27.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noble Group's Days Inventory for the three months ended in Sep. 2018 was 9.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 was 9.74.

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. Noble Group's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.10.

Noble Group  (OTCPK:NOBGY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Noble Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

Net-Net Working Capital Per Share (Q: Sep. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(583.285+0.75 * 624.116+0.5 * 121.853-4691.299
-0-4.599)/132.748
=-27.00

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Noble Group's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2018 )/Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=119.1945/1160.755*365 / 4
=9.37

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Noble Group's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2018 ) / Average Total Inventories (Q: Sep. 2018 )
=1160.755 / 119.1945
=9.74

4. 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.

Noble Group's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2018 ) / Revenue (Q: Sep. 2018 )
=119.1945 / 1209.987
=0.10

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Noble Group Total Inventories Related Terms

Noble Group Total Inventories Historical Data

* Premium members only.

The historical data trend for Noble Group's Total Inventories 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.

Noble Group Total Inventories Chart

Noble Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,089.97 2,287.08 1,791.52 1,643.05 166.42

Noble Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 231.94 166.42 109.09 116.54 121.85

Noble Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of $122 Mil mean?
Noble Group (NOBGY) has a Total Inventories of $122 Mil as of Sep. 2018. The total amount of inventory as recorded on a company's balance sheet. View historical data for Noble Group and its competitors.
Is Noble Group's Total Inventories too high?
Noble Group's current Total Inventories is $122 Mil.
How does Noble Group's Total Inventories compare to SGOC and HHHH?
Noble Group's Total Inventories of $122 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Conglomerates company?
A good Total Inventories depends on the Conglomerates industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Noble Group and its competitors. Noble Group's current Total Inventories is $122 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble Group stock overvalued right now?
Noble Group (NOBGY) has a current Total Inventories of $122 Mil. The current Total Inventories is $122 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Noble Group (NOBGY), the current Total Inventories is $122 Mil as of Sep. 2018. 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.

Noble Group Business Description

Address 60 Anson Road, No. 19-01, Mapletree Anson, Singapore, SGP, Singapore
Noble Group Ltd operates and manages supply chain focused on purchasing physical commodities and transforming these into customized products. The business consist of logistics and transportation, price risk management and hedging, commodity processing and blending, as well as structured and trade finance products. The company has two segments - namely, the Energy Segment, with combines the former Energy and Gas & Power segments and includes the Oil Liquids, Gas & Power and Energy Coal businesses; and the Metals, Minerals and Ores Segment, which combines the former Metals & Mining and Corporate segments and includes the Metals, Carbon Steel Materials and Logistics businesses.