Norstra Energy (Norstra Energy) Inventory Turnover : 0.00 (As of Nov. 2013)

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What is Norstra Energy 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. Norstra Energy's Cost of Goods Sold for the three months ended in Nov. 2013 was $0.00 Mil. Norstra Energy's Average Total Inventories for the quarter that ended in Nov. 2013 was $0.00 Mil.

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

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.

Norstra Energy Inventory Turnover Historical Data

The historical data trend for Norstra Energy's Inventory Turnover can be seen below:

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Norstra Energy Inventory Turnover Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

Inventory Turnover

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
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Norstra Energy Inventory Turnover Calculation

Norstra Energy's Inventory Turnover for the fiscal year that ended in Feb. 2013 is calculated as

	Inventory Turnover (A: Feb. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2013 )	/ (	(Total Inventories (A: Feb. 2012 )	+	Total Inventories (A: Feb. 2013 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Norstra Energy's Inventory Turnover for the quarter that ended in Nov. 2013 is calculated as

	Inventory Turnover (Q: Nov. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2013 )	/ (	(Total Inventories (Q: Aug. 2013 )	+	Total Inventories (Q: Nov. 2013 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Norstra Energy (GREY:NORX) 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.

Norstra Energy's Days Inventory for the three months ended in Nov. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2013 )	/	Cost of Goods Sold (Q: Nov. 2013 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Norstra Energy's Inventory to Revenue for the quarter that ended in Nov. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2013 )	/	Revenue (Q: Nov. 2013 )
	=	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.

Norstra Energy Inventory Turnover Related Terms

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Norstra Energy (Norstra Energy) Business Description

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Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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