Norske Skog ASA (FRA:0BQ) Days Payable: 110.59 (As of Mar. 2026) — 84% Above Median


FRA:0BQ Norske Skog ASA FRA:0BQ
74 GF Score
Price €3.72
GF Value €2.89
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Norske Skog ASA Days Payable?

Norske Skog ASA FRA:0BQ +2.06% 74 Days Payable is 110.59 as of Mar. 2026, which is 84% above its 10-year median of 60.09. GuruFocus rates FRA:0BQ with a GF Score™ of 74/100 and a GF Value™ of €2.89 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 275 Forest Products companies, Norske Skog ASA ranks better than 81.82% on this metric.

Norske Skog ASA's average Accounts Payable for the three months ended in Mar. 2026 was €165.6 Mil. Norske Skog ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was €136.7 Mil. Hence, Norske Skog ASA's Days Payable for the three months ended in Mar. 2026 was 110.59.

The historical rank and industry rank for Norske Skog ASA's Days Payable or its related term are showing as below:

FRA:0BQ' s Days Payable Range Over the Past 10 Years
Min: 42.24   Med: 60.09   Max: 115.31
Current: 115.31

During the past 13 years, Norske Skog ASA's highest Days Payable was 115.31. The lowest was 42.24. And the median was 60.09.

FRA:0BQ's Days Payable is ranked better than
81.82% of 275 companies
in the Forest Products industry
Industry Median: 57.49 vs FRA:0BQ: 115.31

Norske Skog ASA's Days Payable increased from Mar. 2025 (92.03) to Mar. 2026 (110.59). It may suggest that Norske Skog ASA delayed paying its suppliers.


Norske Skog ASA Days Payable Historical Data

* Premium members only.

The historical data trend for Norske Skog ASA's Days Payable 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.

Norske Skog ASA Days Payable Chart

Norske Skog ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.01 42.97 60.24 72.01 82.53

Norske Skog ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable 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 92.03 125.46 120.77 95.71 110.59

FRA:0BQ vs SLVM: Days Payable Comparison

For the Paper & Paper Products subindustry, Norske Skog ASA's Days Payable, along with its competitors' market caps and Days Payable 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.


Norske Skog ASA Days Payable vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Norske Skog ASA's Days Payable falls into.


FRA:0BQ
74GF Score
Norske Skog ASA FRA:0BQ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Norske Skog ASA Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Norske Skog ASA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (109.115 + 129.027) / 2 ) / 526.584*365
=119.071 / 526.584*365
=82.53

Norske Skog ASA's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (129.027 + 202.221) / 2 ) / 136.664*365 / 4
=165.624 / 136.664*365 / 4
=110.59

* 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 Payable →
What does a Days Payable of 110.59 mean?
Norske Skog ASA (FRA:0BQ) has a Days Payable of 110.59 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norske Skog ASA and its competitors. This is 84% above median its historical median of 60.09. Over the past decade, Norske Skog ASA's Days Payable has ranged from 42.24 to 115.31. According to the industry distribution chart, Norske Skog ASA ranks #50 out of 275 companies in the Forest Products industry, placing it in the top 18.2%.
Is Norske Skog ASA's Days Payable too high?
Norske Skog ASA's current Days Payable of 110.59 is 84% above median its 10-year median of 60.09. Over the past 10 years, this metric has ranged from a low of 42.24 to a high of 115.31. The Forest Products industry median Days Payable is 57.49. Norske Skog ASA's value of 110.59 is 92.4% above this industry median. Based on the distribution chart, Norske Skog ASA ranks #50 out of 275 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Norske Skog ASA has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Days Payable compare to SLVM?
According to the Forest Products industry distribution chart, Norske Skog ASA ranks #50 out of 275 companies for Days Payable. This places Norske Skog ASA in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.49. Norske Skog ASA's value of 110.59 is 92.4% above this benchmark. Historically, Norske Skog ASA's own Days Payable has ranged from 42.24 to 115.31 over the past decade. While the company's 10-year median is 60.09 vs. the industry median of 57.49, Norske Skog ASA 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 Payable for a Forest Products company?
The median Days Payable among Forest Products companies is 57.49, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norske Skog ASA's current Days Payable of 110.59 is 92.4% 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 Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Norske Skog ASA and its competitors. For the Forest Products industry, the median Days Payable is 57.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norske Skog ASA's current Days Payable is 110.59, which is 84% above median its own 10-year median of 60.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norske Skog ASA stock overvalued right now?
Based on GuruFocus' analysis, Norske Skog ASA (FRA:0BQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.89, compared to a current price of €3.72 — trading 28.7% above its estimated fair value. The current Days Payable is 110.59, which is 84% above median its 10-year median of 60.09 and 92.4% above the Forest Products industry median of 57.49. Norske Skog ASA's overall GF Score™ is 74/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Norske Skog ASA (FRA:0BQ), the current Days Payable is 110.59 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 Norske Skog ASA (FRA:0BQ) Overvalued in 2026?

Based on GuruFocus' analysis, Norske Skog ASA stock appears to be overvalued. The current stock price of €3.72 is trading 28.7% above its estimated GF Value™ of €2.89. GuruFocus considers Norske Skog ASA to be Modestly Overvalued.

Key valuation signals for FRA:0BQ:

  • Days Payable: 110.59 (84% above median its 10-year median of 60.09)
  • GF Value™: €2.89 vs. price of €3.72 (28.7% above fair value)
  • GF Score™: 74/100 with 12 warning signs
  • Industry Position: 92.4% above the Forest Products median (#50 of 275)

No single metric tells the full story. See the FRA:0BQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norske Skog ASA Business Description

Address Sjolyst plass 2, Oslo, NOR, 0278
Norske Skog ASA is a European company focused on the production of publication and packaging paper. The publication paper includes the production and sale of newsprint and magazine paper under the NOR brands. Packaging paper includes the production and sale of recycled containerboard under the Strato brand. Its product portfolio includes publication paper, recycled packaging paper, energy, and bioproducts. The company's core bioproducts are the nanocellulose product CEBINA and the bio-composite product CEBICO. Its reportable segments are Publication paper, Packaging paper, and Other activities. The majority of revenue is derived from the Publication paper segment. Geographically, the company generates the maximum revenue from Europe.
74GF Score

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

€3.72
Price
€2.89
GF Value