Northern OceanNTNOF 44 Days Inventory is 0.00 as of Mar. 2026. GuruFocus rates NTNOF with a GF Score™ of 44/100 and a GF Value™ of $0.61 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 687 Oil & Gas companies, Northern Ocean ranks better than 98.4% on this metric.
The historical rank and industry rank for Northern Ocean's Days Inventory or its related term are showing as below:
NTNOF'
s Days Inventory Range Over the Past 10 Years
Min: 0.46 Med: 0.57 Max: 2.28
Current: 0.87
During the past 7 years, Northern Ocean's highest Days Inventory was 2.28. The lowest was 0.46. And the median was 0.57.
NTNOF's Days Inventory is ranked better than 98.4% of 687
companies
in the Oil & Gas industry
Industry Median: 31.01
vs NTNOF: 0.87
Northern Ocean's Days Inventory
declined
from Mar. 2025 (1.12) to Mar. 2026 (0.00).
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.
Northern Ocean's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.00.
Northern Ocean (OTCPK:NTNOF) 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.
Northern Ocean'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.
Northern Ocean'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.
Northern Ocean Days Inventory Related Terms
Northern Ocean Days Inventory Historical Data
* Premium members only.
The historical data trend for Northern Ocean'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.
For the Oil & Gas Drilling subindustry, Northern Ocean'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.
Northern Ocean Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Ocean's Days Inventory distribution charts can be found below:
* The bar in red indicates where Northern Ocean'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.
Northern Ocean (NTNOF) 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 Northern Ocean and its competitors. Over the past decade, Northern Ocean's Days Inventory has ranged from 0.46 to 2.28. According to the industry distribution chart, Northern Ocean ranks #11 out of 687 companies in the Oil & Gas industry, placing it in the top 1.6%.
Is Northern Ocean's Days Inventory too high?
Northern Ocean's current Days Inventory is 0.00. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.28. Based on the distribution chart, Northern Ocean ranks #11 out of 687 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Ocean has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Ocean's Days Inventory compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Northern Ocean ranks #11 out of 687 companies for Days Inventory. This places Northern Ocean in the top 2% of its industry — outperforming the majority of peers. The industry median Days Inventory is 31.01. Historically, Northern Ocean's own Days Inventory has ranged from 0.46 to 2.28 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 an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 31.01, based on 687 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 Northern Ocean and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Ocean'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 Northern Ocean stock overvalued right now?
Based on GuruFocus' analysis, Northern Ocean (NTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.61, compared to a current price of $0.82 — trading 34.4% above its estimated fair value. The current Days Inventory is 0.00. Northern Ocean's overall GF Score™ is 44/100 with 4 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 Northern Ocean (NTNOF), 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 Northern Ocean (NTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued.
The current stock price of $0.82 is trading 34.4% above its estimated GF Value™ of $0.61.
GuruFocus considers Northern Ocean to be Significantly Overvalued.
Key valuation signals for NTNOF:
Days Inventory: 0.00
GF Value™: $0.61 vs. price of $0.82 (34.4% above fair value)
No single metric tells the full story. See the NTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns a semi-submersible rig, Deepsea Mira. The company earns revenue mainly from drilling contracts for rigs.
44GF Score
Get the complete analysis for NTNOF
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