Northern Ocean (FRA:4JO) Inventory Turnover: 0.00 (As of Mar. 2026)

What is Northern Ocean Inventory Turnover?

Northern Ocean FRA:4JO -2.15% 65 Inventory Turnover is 0.00 as of Mar. 2026. GuruFocus rates FRA:4JO with a GF Score™ of 65/100 and a GF Value™ of €0.51. The stock has 4 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. Northern Ocean's Cost of Goods Sold for the three months ended in Mar. 2026 was €29.2 Mil. Northern Ocean's Average Total Inventories for the quarter that ended in Mar. 2026 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northern Ocean's Days Inventory for the three months ended in Mar. 2026 was 0.00.

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 quarter that ended in Mar. 2026 was 0.00.

Northern Ocean (FRA:4JO) 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.

Northern Ocean'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
	=	0	/	29.213	*	365 / 4
	=	0.00

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 quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	0	/	11.481
	=	0.00

* 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.

Northern Ocean Inventory Turnover Related Terms

Northern Ocean Inventory Turnover Historical Data

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The historical data trend for Northern Ocean's Inventory Turnover can be seen below:

Northern Ocean Inventory Turnover Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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0.00

160.03

506.50

775.19

789.80

Northern Ocean 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															81.08	53.73	0.00	0.00	0.00

65GF Score

Northern Ocean Ltd FRA:4JO

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Northern Ocean Inventory Turnover Calculation

Northern Ocean'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 )
=	259.844	/ (	(0.329	+	0)	/	1 )
=	259.844	/	0.329
=	789.80

Northern Ocean'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 )
=	29.213	/ (	(0	+	0)	/	1 )
=	29.213	/	0
=	N/A

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Northern Ocean (FRA:4JO) has a Inventory Turnover of 0.00 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Northern Ocean and its competitors.

Is Northern Ocean's Inventory Turnover too high?

Northern Ocean's current Inventory Turnover is 0.00. Overall, Northern Ocean has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.

How does Northern Ocean's Inventory Turnover compare to NE and RIG?

Northern Ocean's Inventory Turnover of 0.00 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas 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 Northern Ocean and its competitors. Northern Ocean's current Inventory Turnover 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?

Northern Ocean (FRA:4JO) has a current Inventory Turnover of 0.00. The stock's GF Value™ is €0.51, compared to a current price of €0.64 — trading 24.7% above its estimated fair value. The current Inventory Turnover is 0.00. Northern Ocean's overall GF Score™ is 65/100 with 4 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 Northern Ocean (FRA:4JO), the current Inventory Turnover 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 (FRA:4JO) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued. The current stock price of €0.64 is trading 24.7% above its estimated GF Value™ of €0.51.

Key valuation signals for FRA:4JO:

Inventory Turnover: 0.00
GF Value™: €0.51 vs. price of €0.64 (24.7% above fair value)
GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the FRA:4JO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northern Ocean Business Description

Industry Energy Oil & Gas

Comparable Companies OSL:ARCH OSL:OTL OSL:VTURA OSL:DVD OSL:DDRIL OSL:PLSV ADX:ADNOCDRILL NE RIG SAU:2382 VAL SHSE:600871 PTEN HP SDRL SAU:2381 OSL:ODL BORR NBR SOC

Other Exchanges NTNOF:USA NOLo:Sweden NOL:Norway

Address 14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website https://www.northernocean.no

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.

65GF Score

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

€0.64

Price

€0.51

GF Value

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