Norske Skog ASA (FRA:0BQ) Inventory Turnover: 1.14 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:0BQ Norske Skog ASA FRA:0BQ
75 GF Score
Price €2.88
GF Value €2.72
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Norske Skog ASA Inventory Turnover?

Norske Skog ASA FRA:0BQ -1.71% 75 Inventory Turnover is 1.14 as of Mar. 2026. GuruFocus rates FRA:0BQ with a GF Score™ of 75/100 and a GF Value™ of €2.72 (Fairly Valued). The stock has 8 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Norske Skog ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was €136.7 Mil. Norske Skog ASA's Average Total Inventories for the quarter that ended in Mar. 2026 was €120.3 Mil. Norske Skog ASA's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norske Skog ASA's Days Inventory for the three months ended in Mar. 2026 was 80.32.

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. Norske Skog ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.56.

Norske Skog ASA  (FRA:0BQ) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Norske Skog ASA's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=120.2995/136.664*365 / 4
=80.32

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.

Norske Skog ASA's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=120.2995 / 213.057
=0.56

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Norske Skog ASA Inventory Turnover Related Terms

Norske Skog ASA Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Norske Skog ASA's Inventory Turnover 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 Inventory Turnover Chart

Norske Skog ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.16 5.87 3.95 4.27 4.50

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
Inventory Turnover 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 1.14 0.94 0.98 1.19 1.14
FRA:0BQ
75GF Score
Norske Skog ASA FRA:0BQ
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norske Skog ASA Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=526.584 / ((118.307 + 115.845) / 2 )
=526.584 / 117.076
=4.50

Norske Skog ASA's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=136.664 / ((115.845 + 124.754) / 2 )
=136.664 / 120.2995
=1.14

* 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 Inventory Turnover →
What does a Inventory Turnover of 1.14 mean?
Norske Skog ASA (FRA:0BQ) has a Inventory Turnover of 1.14 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Norske Skog ASA and its competitors.
Is Norske Skog ASA's Inventory Turnover too high?
Norske Skog ASA's current Inventory Turnover is 1.14. Overall, Norske Skog ASA has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norske Skog ASA's Inventory Turnover compare to SLVM?
Norske Skog ASA's Inventory Turnover of 1.14 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Forest Products company?
A good Inventory Turnover depends on the Forest Products industry context. However, Inventory Turnover 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 Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Norske Skog ASA and its competitors. Norske Skog ASA's current Inventory Turnover is 1.14. 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 Fairly Valued. The stock's GF Value™ is €2.72, compared to a current price of €2.88 — trading 5.9% above its estimated fair value. The current Inventory Turnover is 1.14. Norske Skog ASA's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Norske Skog ASA (FRA:0BQ), the current Inventory Turnover is 1.14 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 €2.88 is trading 5.9% above its estimated GF Value™ of €2.72. GuruFocus considers Norske Skog ASA to be Fairly Valued.

Key valuation signals for FRA:0BQ:

  • Inventory Turnover: 1.14
  • GF Value™: €2.72 vs. price of €2.88 (5.9% above fair value)
  • GF Score™: 75/100 with 8 warning signs

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.
75GF Score

Get the complete analysis for FRA:0BQ

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

€2.88
Price
€2.72
GF Value