Noranda Aluminum Holding (Noranda Aluminum Holding) Total Inventories : $135 Mil (As of Dec. 2015)

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What is Noranda Aluminum Holding Total Inventories?

Noranda Aluminum Holding's total inventories for the quarter that ended in Dec. 2015 was $135 Mil. Noranda Aluminum Holding's average total inventories from the quarter that ended in Sep. 2015 to the quarter that ended in Dec. 2015 was $149 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Noranda Aluminum Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-109.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noranda Aluminum Holding's Days Inventory for the three months ended in Dec. 2015 was 49.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Noranda Aluminum Holding's Inventory Turnover for the quarter that ended in Dec. 2015 was 1.83.

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. Noranda Aluminum Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.62.

Noranda Aluminum Holding Total Inventories Historical Data

The historical data trend for Noranda Aluminum Holding'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.

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Noranda Aluminum Holding Total Inventories Chart

Noranda Aluminum Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Total Inventories

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186.50

195.80

178.70

196.70

135.40

Noranda Aluminum Holding Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Total Inventories	Get a 7-Day Free Trial															196.70	187.80	195.30	162.60	135.40

Noranda Aluminum Holding 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.

Noranda Aluminum Holding (OTCPK:NORNQ) 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.

Noranda Aluminum Holding's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is

	Net-Net Working Capital Per Share (Q: Dec. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(56.1	+	0.75 * 64.9	+	0.5 * 135.4	-	1259.5
-	0	-	6)	/	10
=	-109.30

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

Noranda Aluminum Holding's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	149	/	272.6	*	365 / 4
	=	49.88

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

Noranda Aluminum Holding's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2015 )	/	Average Total Inventories (Q: Dec. 2015 )
	=	272.6	/	149
	=	1.83

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.

Noranda Aluminum Holding's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	149	/	240.3
	=	0.62

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.

Noranda Aluminum Holding Total Inventories Related Terms

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Noranda Aluminum Holding (Noranda Aluminum Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067

Website

http://www.norandaaluminum.com

Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.

Executives

Richard B Evans	director	C/O BOATWATER INC, 55 EAST CAMPERDOWN WAY, GREENVILLE SC 29601
Ronald S Rolfe	director	825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Carl J Rickertsen	director	MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Alan H Schumacher	director	C/O QUALITY DISTRIBUTION, INC., 4041 PARK OAKS BOULEVARD, SUITE 200, TAMPA FL 33610
Gail E Lehman	officer: Gen Counsel/Sec/Chief Adm Off	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Thomas R Miklich	director	C/O OM GROUP INC 50 PACIFIC SQUARE #3500 CLEVELAND OH 44113
Dale W Boyles	officer: Chief Financial Officer	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Pasquale Fiore	director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Apollo Principal Holdings I Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Investment Fund Vi L P	10 percent owner	2 MANHATTAVILLE RD, PURCHASE NY 10577
Apollo International Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo International Management, L.p.	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Vi, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aif Vi Management, Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577

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