NGVC (Natural Grocers by Vitamin Cottage) Days Inventory: 50.02 (As of Mar. 2026) — Near Median


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
84 GF Score
Price $32.69
GF Value $27.27
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage Days Inventory?

Natural Grocers by Vitamin Cottage NGVC +1.62% 84 Days Inventory is 50.02 as of Mar. 2026, which is 2% below its 10-year median of 51.11. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 300 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 61.67% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Natural Grocers by Vitamin Cottage's Average Total Inventories for the three months ended in Mar. 2026 was $129 Mil. Natural Grocers by Vitamin Cottage's Cost of Goods Sold for the three months ended in Mar. 2026 was $235 Mil. Hence, Natural Grocers by Vitamin Cottage's Days Inventory for the three months ended in Mar. 2026 was 50.02.

The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Days Inventory or its related term are showing as below:

NGVC' s Days Inventory Range Over the Past 10 Years
Min: 47.54   Med: 51.11   Max: 58.99
Current: 49.74

During the past 13 years, Natural Grocers by Vitamin Cottage's highest Days Inventory was 58.99. The lowest was 47.54. And the median was 51.11.

NGVC's Days Inventory is ranked worse than
61.67% of 300 companies
in the Retail - Defensive industry
Industry Median: 40.495 vs NGVC: 49.74

Natural Grocers by Vitamin Cottage's Days Inventory increased from Mar. 2025 (48.08) to Mar. 2026 (50.02). It might indicate that Natural Grocers by Vitamin Cottage's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Natural Grocers by Vitamin Cottage's Inventory Turnover for the three months ended in Mar. 2026 was 1.82.

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. Natural Grocers by Vitamin Cottage's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.38.


Natural Grocers by Vitamin Cottage  (NYSE:NGVC) 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.

Natural Grocers by Vitamin Cottage'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.

Natural Grocers by Vitamin Cottage'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.


Natural Grocers by Vitamin Cottage Days Inventory Related Terms


Natural Grocers by Vitamin Cottage Days Inventory Historical Data

* Premium members only.

The historical data trend for Natural Grocers by Vitamin Cottage'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.

Natural Grocers by Vitamin Cottage Days Inventory Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.99 49.84 52.27 49.94 49.62

Natural Grocers by Vitamin Cottage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.08 49.38 49.57 50.28 50.02

NGVC vs VLGEA, YSWY, DNUT: Days Inventory Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage'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.


Natural Grocers by Vitamin Cottage Days Inventory vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Days Inventory distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Days Inventory falls into.


NGVC
84GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Grocers by Vitamin Cottage Days Inventory Calculation

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

Natural Grocers by Vitamin Cottage's Days Inventory for the fiscal year that ended in Sep. 2025 is calculated as

Days Inventory (A: Sep. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2024 ) + Total Inventories (A: Sep. 2025 )) / count ) / Cost of Goods Sold (A: Sep. 2025 )*Days in Period
=( (120.672 + 132.968) / 2 ) / 932.959*365
=126.82 / 932.959*365
=49.62

Natural Grocers by Vitamin Cottage's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (127.886 + 129.686) / 2 ) / 234.933*365 / 4
=128.786 / 234.933*365 / 4
=50.02

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 50.02 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Days Inventory of 50.02 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is near median its historical median of 51.11. Over the past decade, Natural Grocers by Vitamin Cottage's Days Inventory has ranged from 47.54 to 58.99. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #185 out of 300 companies in the Retail - Defensive industry, placing it in the top 61.7%.
Is Natural Grocers by Vitamin Cottage's Days Inventory too high?
Natural Grocers by Vitamin Cottage's current Days Inventory of 50.02 is near median its 10-year median of 51.11. Over the past 10 years, this metric has ranged from a low of 47.54 to a high of 58.99. The Retail - Defensive industry median Days Inventory is 40.50. Natural Grocers by Vitamin Cottage's value of 50.02 is 23.5% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #185 out of 300 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Days Inventory compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #185 out of 300 companies for Days Inventory. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median Days Inventory is 40.50. Natural Grocers by Vitamin Cottage's value of 50.02 is 23.5% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Days Inventory has ranged from 47.54 to 58.99 over the past decade. While the company's 10-year median is 51.11 vs. the industry median of 40.50, Natural Grocers by Vitamin Cottage has consistently been above the industry average. 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 Retail - Defensive company?
The median Days Inventory among Retail - Defensive companies is 40.50, based on 300 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. Natural Grocers by Vitamin Cottage's current Days Inventory of 50.02 is 23.5% above 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 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 Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Days Inventory is 40.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Days Inventory is 50.02, which is near median its own 10-year median of 51.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.27, compared to a current price of $32.69 — trading 19.9% above its estimated fair value. The current Days Inventory is 50.02, which is near median its 10-year median of 51.11 and 23.5% above the Retail - Defensive industry median of 40.50. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 2 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 Natural Grocers by Vitamin Cottage (NGVC), the current Days Inventory is 50.02 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 Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued. The current stock price of $32.69 is trading 19.9% above its estimated GF Value™ of $27.27. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • Days Inventory: 50.02 (near median its 10-year median of 51.11)
  • GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 23.5% above the Retail - Defensive median (#185 of 300)

No single metric tells the full story. See the NGVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natural Grocers by Vitamin Cottage Business Description

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
84GF Score

Get the complete analysis for NGVC

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$32.69
Price
$27.27
GF Value