Norstra Energy (Norstra Energy) Total Inventories : $0.00 Mil (As of Nov. 2013)

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What is Norstra Energy Total Inventories?

Norstra Energy's total inventories for the quarter that ended in Nov. 2013 was $0.00 Mil. Norstra Energy's average total inventories from the quarter that ended in Aug. 2013 to the quarter that ended in Nov. 2013 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Norstra Energy's Net-Net Working Capital per share for the quarter that ended in Nov. 2013 was $-0.02.

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

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

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 Total Inventories Historical Data

The historical data trend for Norstra Energy'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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Norstra Energy Total Inventories Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

Total Inventories

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
Total Inventories	Get a 7-Day Free Trial			-	-	-	-	-

Norstra Energy 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.

Norstra Energy (GREY:NORX) 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.

Norstra Energy's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2013 is

	Net-Net Working Capital Per Share (Q: Nov. 2013 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.172	+	0.75 * 0	+	0.5 * 0	-	0.966
-	0.001	-	0)	/	38.25
=	-0.02

2. 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
	=

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

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

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

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.

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

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.

Norstra Energy Total Inventories Related Terms

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Norstra Energy (Norstra Energy) Business Description

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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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