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Norcod ASFRA:NO9 -5.98%54 Days Inventory is 0.00 as of Mar. 2026. GuruFocus rates FRA:NO9 with a GF Score™ of 54/100 and a GF Value™ of €0.54 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,870 Consumer Packaged Goods companies, Norcod AS ranks worse than 95.35% on this metric.
The historical rank and industry rank for Norcod AS's Days Inventory or its related term are showing as below:
FRA:NO9'
s Days Inventory Range Over the Past 10 Years
Min: 224.04 Med: 306.64 Max: 914.79
Current: 382.55
During the past 8 years, Norcod AS's highest Days Inventory was 914.79. The lowest was 224.04. And the median was 306.64.
FRA:NO9's Days Inventory is ranked worse than 95.35% of 1870
companies
in the Consumer Packaged Goods industry
Industry Median: 82.945
vs FRA:NO9: 382.55
Norcod AS's Days Inventory
declined
from Mar. 2025 (130.38) to Mar. 2026 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Norcod AS's Inventory Turnover for the
three
months ended in Mar. 2026 was -0.07.
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.
Norcod AS's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 7.23.
Norcod AS (FRA:NO9) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Norcod AS's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
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.
Norcod AS's Inventory to Revenue for the
three
months ended in Mar. 2026 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Norcod AS Days Inventory Related Terms
Norcod AS Days Inventory Historical Data
* Premium members only.
The historical data trend for Norcod AS's Days Inventory 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.
FRA:NO9 vs ADM, BG, TSN: Days Inventory Comparison
For the Farm Products subindustry, Norcod AS's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Norcod AS Days Inventory vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's Days Inventory distribution charts can be found below:
* The bar in red indicates where Norcod AS's Days Inventory falls into.
* 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.
Norcod AS (FRA:NO9) has a Days Inventory of 0.00 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Norcod AS and its competitors. Over the past decade, Norcod AS's Days Inventory has ranged from 224.04 to 914.79. According to the industry distribution chart, Norcod AS ranks #1783 out of 1870 companies in the Consumer Packaged Goods industry, placing it in the top 95.3%.
Is Norcod AS's Days Inventory too high?
Norcod AS's current Days Inventory is 0.00. Over the past 10 years, this metric has ranged from a low of 224.04 to a high of 914.79. Based on the distribution chart, Norcod AS ranks #1783 out of 1870 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Norcod AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's Days Inventory compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #1783 out of 1870 companies for Days Inventory. This places Norcod AS in the lower half of its industry. The industry median Days Inventory is 82.95. Historically, Norcod AS's own Days Inventory has ranged from 224.04 to 914.79 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Consumer Packaged Goods company?
The median Days Inventory among Consumer Packaged Goods companies is 82.95, based on 1,870 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median Days Inventory is 82.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcod AS stock overvalued right now?
Based on GuruFocus' analysis, Norcod AS (FRA:NO9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.54, compared to a current price of €0.91 — trading 68.9% above its estimated fair value. The current Days Inventory is 0.00. Norcod AS's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Norcod AS (FRA:NO9), the current Days Inventory is 0.00 as of Mar. 2026. 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 Norcod AS (FRA:NO9) Overvalued in 2026?
Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued.
The current stock price of €0.91 is trading 68.9% above its estimated GF Value™ of €0.54.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for FRA:NO9:
Days Inventory: 0.00
GF Value™: €0.54 vs. price of €0.91 (68.9% above fair value)
No single metric tells the full story. See the FRA:NO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
54GF Score
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