Northern Inventory Turnover from 2010 to 2024

NOG Stock  USD 43.11  0.45  1.05%   
Northern Oil's Inventory Turnover is increasing over the last several years with stable swings. Inventory Turnover is estimated to finish at 24.58 this year. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
13.62
Current Value
24.58
Quarterly Volatility
55.19478819
 
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Covid
Check Northern Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northern main balance sheet or income statement drivers, such as Interest Expense of 145.6 M, Selling General Administrative of 49.1 M or Other Operating Expenses of 1.1 B, as well as many exotic indicators such as Price To Sales Ratio of 1.69, Dividend Yield of 0.0347 or PTB Ratio of 1.74. Northern financial statements analysis is a perfect complement when working with Northern Oil Valuation or Volatility modules.
  
This module can also supplement Northern Oil's financial leverage analysis and stock options assessment as well as various Northern Oil Technical models . Check out the analysis of Northern Oil Correlation against competitors.

Latest Northern Oil's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Northern Oil Gas over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Northern Oil's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Northern Oil's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Pretty Stable
   Inventory Turnover   
       Timeline  

Northern Inventory Turnover Regression Statistics

Arithmetic Mean33.21
Geometric Mean9.24
Coefficient Of Variation166.22
Mean Deviation35.00
Median15.14
Standard Deviation55.19
Sample Variance3,046
Range215
R-Value0.11
Mean Square Error3,239
R-Squared0.01
Significance0.69
Slope1.39
Total Sum of Squares42,651

Northern Inventory Turnover History

2024 24.58
2023 13.62
2022 15.14
2021 43.97
2020 5.95
2019 59.33
2018 2.0

About Northern Oil Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Northern Oil income statement, its balance sheet, and the statement of cash flows. Northern Oil investors use historical funamental indicators, such as Northern Oil's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Northern Oil investors may use each financial statement separately, they are all related. The changes in Northern Oil's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Northern Oil's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Northern Oil Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Northern Oil. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 13.62  24.58 

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When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
Check out the analysis of Northern Oil Correlation against competitors.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Northern Oil's price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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Is Northern Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.379
Dividend Share
1.49
Earnings Share
10.03
Revenue Per Share
19.095
Quarterly Revenue Growth
0.226
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.