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Norcod ASSTU:NO9 +0.87%41 Days Payable is 0.00 as of Mar. 2026. GuruFocus rates STU:NO9 with a GF Score™ of 41/100 and a GF Value™ of €0.57 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,888 Consumer Packaged Goods companies, Norcod AS ranks better than 86.18% on this metric.
The historical rank and industry rank for Norcod AS's Days Payable or its related term are showing as below:
STU:NO9'
s Days Payable Range Over the Past 10 Years
Min: 83.46 Med: 148.16 Max: 254.31
Current: 113.39
During the past 8 years, Norcod AS's highest Days Payable was 254.31. The lowest was 83.46. And the median was 148.16.
STU:NO9's Days Payable is ranked better than 86.18% of 1888
companies
in the Consumer Packaged Goods industry
Industry Median: 44.05
vs STU:NO9: 113.39
Norcod AS's Days Payable
declined
from Mar. 2025 (51.17) to Mar. 2026 (0.00).
It may suggest that Norcod ASaccelerated paying its suppliers.
Norcod AS Days Payable Related Terms
Norcod AS Days Payable Historical Data
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The historical data trend for Norcod AS'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.
For the Farm Products subindustry, Norcod AS'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.
Norcod AS Days Payable vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Norcod AS's Days Payable distribution charts can be found below:
* The bar in red indicates where Norcod AS's Days Payable falls into.
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.
Norcod AS's Days Payable 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.
Norcod AS (STU:NO9) has a Days Payable of 0.00 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 Norcod AS and its competitors. Over the past decade, Norcod AS's Days Payable has ranged from 83.46 to 254.31. According to the industry distribution chart, Norcod AS ranks #261 out of 1888 companies in the Consumer Packaged Goods industry, placing it in the top 13.8%.
Is Norcod AS's Days Payable too high?
Norcod AS's current Days Payable is 0.00. Over the past 10 years, this metric has ranged from a low of 83.46 to a high of 254.31. Based on the distribution chart, Norcod AS ranks #261 out of 1888 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Norcod AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Norcod AS ranks #261 out of 1888 companies for Days Payable. This places Norcod AS in the top 14% of its industry — outperforming the majority of peers. The industry median Days Payable is 44.05. Historically, Norcod AS's own Days Payable has ranged from 83.46 to 254.31 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 Payable for a Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.05, based on 1,888 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. 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 Norcod AS and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norcod AS's current Days Payable 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 (STU:NO9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.57, compared to a current price of €0.93 — trading 63.2% above its estimated fair value. The current Days Payable is 0.00. Norcod AS's overall GF Score™ is 41/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Norcod AS (STU:NO9), the current Days Payable 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 (STU:NO9) Overvalued in 2026?
Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued.
The current stock price of €0.93 is trading 63.2% above its estimated GF Value™ of €0.57.
GuruFocus considers Norcod AS to be Significantly Overvalued.
Key valuation signals for STU:NO9:
Days Payable: 0.00
GF Value™: €0.57 vs. price of €0.93 (63.2% above fair value)
No single metric tells the full story. See the STU: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.
41GF Score
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