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Nordic Technology Group AS (OSL:NTG) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Nordic Technology Group AS Cash Conversion Cycle Related Terms
Nordic Technology Group AS Cash Conversion Cycle Historical Data
* 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.
Nordic Technology Group AS Cash Conversion Cycle Chart
OSL:NTG vs COHR, KEYS, GRMN: Cash Conversion Cycle Comparison
For the Scientific & Technical Instruments subindustry, Nordic Technology Group AS's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.
Nordic Technology Group AS Cash Conversion Cycle vs Hardware Industry
For the Hardware industry and Technology sector, Nordic Technology Group AS's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Nordic Technology Group AS's Cash Conversion Cycle falls into.
Nordic Technology Group AS Cash Conversion Cycle Calculation
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Nordic Technology Group AS's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Nordic Technology Group AS (OSL:NTG) has a Cash Conversion Cycle of 67.35 as of Dec. 2025. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Nordic Technology Group AS and its competitors.
Is Nordic Technology Group AS's Cash Conversion Cycle too high?
Nordic Technology Group AS's current Cash Conversion Cycle is 67.35. The Hardware industry median Cash Conversion Cycle is 99.23. Nordic Technology Group AS's value of 67.35 is 32.1% below this industry median. Overall, Nordic Technology Group AS has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic Technology Group AS's Cash Conversion Cycle compare to COHR and KEYS?
Nordic Technology Group AS's Cash Conversion Cycle of 67.35 can be compared against companies in the Hardware industry. The industry median Cash Conversion Cycle is 99.23. Nordic Technology Group AS's value of 67.35 is 32.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Hardware company?
The median Cash Conversion Cycle among Hardware companies is 99.23, based on 2,478 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordic Technology Group AS's current Cash Conversion Cycle of 67.35 is 32.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Nordic Technology Group AS and its competitors. For the Hardware industry, the median Cash Conversion Cycle is 99.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Technology Group AS's current Cash Conversion Cycle is 67.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Technology Group AS stock overvalued right now?
Based on GuruFocus' analysis, Nordic Technology Group AS (OSL:NTG) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.09, compared to a current price of kr1.69 — trading 55% above its estimated fair value. The current Cash Conversion Cycle is 67.35 and 32.1% below the Hardware industry median of 99.23. Nordic Technology Group AS's overall GF Score™ is 28/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Nordic Technology Group AS (OSL:NTG), the current Cash Conversion Cycle is 67.35 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nordic Technology Group AS (OSL:NTG) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Technology Group AS stock appears to be overvalued.
The current stock price of kr1.69 is trading 55% above its estimated GF Value™ of kr1.09.
GuruFocus considers Nordic Technology Group AS to be Significantly Overvalued.
Key valuation signals for OSL:NTG:
Cash Conversion Cycle: 67.35
GF Value™: kr1.09 vs. price of kr1.69 (55% above fair value)
Industry Position: 32.1% below the Hardware median
No single metric tells the full story. See the OSL:NTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Technology Group AS was founded with the primary purpose of acquiring selected companies distinguished by patented products and solutions developed through extensive periods of concept development, product design, testing, qualification, certification, and market acceptance. It is organized into two business areas: sensor technology, and clean technology. The Group generates revenues from Norway, with additional revenues from Europe and other countries.
28GF Score
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