Norton Gold Fields (FRA:N9G) Inventory Turnover : 2.18 (As of Dec. 2014)

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

What is Norton Gold Fields 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. Norton Gold Fields's Cost of Goods Sold for the six months ended in Dec. 2014 was €53.9 Mil. Norton Gold Fields's Average Total Inventories for the quarter that ended in Dec. 2014 was €24.7 Mil. Norton Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2014 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norton Gold Fields's Days Inventory for the six months ended in Dec. 2014 was 83.65.

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. Norton Gold Fields's Inventory-to-Revenue for the quarter that ended in Dec. 2014 was 0.28.

Norton Gold Fields Inventory Turnover Historical Data

The historical data trend for Norton Gold Fields'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.

Norton Gold Fields Inventory Turnover Chart

Norton Gold Fields Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Dec13

Dec14

Inventory Turnover

Get a 7-Day Free Trial

6.31

6.23

4.11

4.01

5.07

Norton Gold Fields Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Jun13	Dec13	Jun14	Dec14
Inventory Turnover	Get a 7-Day Free Trial														3.29	0.11	4.53	2.12	2.18

Norton Gold Fields Inventory Turnover Calculation

Norton Gold Fields's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	105.26	/ (	(21.04	+	20.507)	/	2 )
=	105.26	/	20.7735
=	5.07

Norton Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2014 is calculated as

	Inventory Turnover (Q: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2014 )	/ (	(Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Dec. 2014 ))	/	count )
=	53.865	/ (	(28.874	+	20.507)	/	2 )
=	53.865	/	24.6905
=	2.18

Norton Gold Fields (FRA:N9G) 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.

Norton Gold Fields's Days Inventory for the six months ended in Dec. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2014 )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
	=	24.6905	/	53.865	*	365 / 2
	=	83.65

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.

Norton Gold Fields's Inventory to Revenue for the quarter that ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2014 )	/	Revenue (Q: Dec. 2014 )
	=	24.6905	/	86.871
	=	0.28

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.

Norton Gold Fields Inventory Turnover Related Terms

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

Norton Gold Fields (FRA:N9G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norton Gold Fields Ltd (FRA:N9G) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.nortongoldfields.com.au

Norton Gold Fields Limited is a gold exploration and production company focused on the Paddington Gold mine, near Kalgoorlie in Western Australia. The company also has other projects like Mount Morgan Mine Project & Many Peaks Copper Project.

Norton Gold Fields (FRA:N9G) Headlines

No Headlines