Norseman Gold (LSE:NGL) Days Inventory : 41.38 (As of Jun. 2014)

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What is Norseman Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Norseman Gold's Average Total Inventories for the six months ended in Jun. 2014 was £1.25 Mil. Norseman Gold's Cost of Goods Sold for the six months ended in Jun. 2014 was £11.02 Mil. Hence, Norseman Gold's Days Inventory for the six months ended in Jun. 2014 was 20.69.

The historical rank and industry rank for Norseman Gold's Days Inventory or its related term are showing as below:

LSE:NGL' s Days Inventory Range Over the Past 10 Years
Min: 23.07 Med: 39.38 Max: 41.33
Current: 39.38

During the past 6 years, Norseman Gold's highest Days Inventory was 41.33. The lowest was 23.07. And the median was 39.38.

LSE:NGL's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.655 vs LSE:NGL: 39.38

Norseman Gold's Days Inventory increased from Jun. 2012 (19.96) to Jun. 2014 (41.38). It might indicate that Norseman Gold's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Norseman Gold's Inventory Turnover for the six months ended in Jun. 2014 was 8.82.

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. Norseman Gold's Inventory-to-Revenue for the six months ended in Jun. 2014 was 0.10.

Norseman Gold Days Inventory Historical Data

The historical data trend for Norseman Gold's Days Inventory 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.

Norseman Gold Days Inventory Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Days Inventory

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37.57

38.86

29.49

23.86

41.38

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Days Inventory	Get a 7-Day Free Trial			37.57	40.57	19.96	23.86	41.38

Competitive Comparison of Norseman Gold's Days Inventory

For the Gold subindustry, Norseman Gold's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Norseman Gold's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Norseman Gold's Days Inventory distribution charts can be found below:

* The bar in red indicates where Norseman Gold's Days Inventory falls into.

Norseman Gold Days Inventory Calculation

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

Norseman Gold's Days Inventory for the fiscal year that ended in Jun. 2014 is calculated as

	Days Inventory (A: Jun. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2013 )	+	Total Inventories (A: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2014 )	*	Days in Period
=	( (1.322	+	1.177)	/	2 )	/	11.022	*	365
=	1.2495					/	11.022	*	365
=	41.38

Norseman Gold's Days Inventory for the quarter that ended in Jun. 2014 is calculated as:

	Days Inventory (Q: Jun. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
=	( (1.322	+	1.177)	/	2 )	/	11.022	*	365 / 2
=	1.2495					/	11.022	*	365 / 2
=	20.69

Norseman Gold (LSE:NGL) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Norseman Gold's Inventory Turnover for the six months ended in Jun. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.022	/	1.2495
	=	8.82

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.

Norseman Gold's Inventory to Revenue for the six months ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.2495	/	12.895
	=	0.10

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Norseman Gold Days Inventory Related Terms

Thank you for viewing the detailed overview of Norseman Gold's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.