Nokia Oyj (LTS:0HAF) Inventory Turnover: 1.09 (As of Mar. 2026)


LTS:0HAF Nokia Oyj LTS:0HAF
59 GF Score
Price €10.28
GF Value €4.31
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nokia Oyj Inventory Turnover?

Nokia Oyj LTS:0HAF -1.25% 59 Inventory Turnover is 1.09 as of Mar. 2026. GuruFocus rates LTS:0HAF with a GF Score™ of 59/100 and a GF Value™ of €4.31 (Significantly Overvalued). The stock has 3 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. Nokia Oyj's Cost of Goods Sold for the three months ended in Mar. 2026 was €2,509 Mil. Nokia Oyj's Average Total Inventories for the quarter that ended in Mar. 2026 was €2,295 Mil. Nokia Oyj's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nokia Oyj's Days Inventory for the three months ended in Mar. 2026 was 83.47.

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. Nokia Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.51.

Nokia Oyj  (LTS:0HAF) 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.

Nokia Oyj'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
=2295/2509*365 / 4
=83.47

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.

Nokia Oyj'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 )
=2295 / 4497
=0.51

* 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.

Nokia Oyj Inventory Turnover Related Terms

Nokia Oyj Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Nokia Oyj'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.

Nokia Oyj Inventory Turnover Chart

Nokia Oyj 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 5.77 4.83 4.21 4.24 5.14

Nokia Oyj 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 1.08 1.02 1.12 1.47 1.09
LTS:0HAF
59GF Score
Nokia Oyj LTS:0HAF
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Nokia Oyj Inventory Turnover Calculation

Nokia Oyj'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 )
=11230 / ((2163 + 2209) / 2 )
=11230 / 2186
=5.14

Nokia Oyj'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 )
=2509 / ((2209 + 2381) / 2 )
=2509 / 2295
=1.09

* 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 1.09 mean?
Nokia Oyj (LTS:0HAF) has a Inventory Turnover of 1.09 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Inventory Turnover too high?
Nokia Oyj's current Inventory Turnover is 1.09. Overall, Nokia Oyj has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Inventory Turnover compare to CSCO and CIEN?
Nokia Oyj's Inventory Turnover of 1.09 can be compared against companies in the Hardware 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 Hardware company?
A good Inventory Turnover depends on the Hardware 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 Nokia Oyj and its competitors. Nokia Oyj's current Inventory Turnover is 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.31, compared to a current price of €10.28 — trading 138.4% above its estimated fair value. The current Inventory Turnover is 1.09. Nokia Oyj's overall GF Score™ is 59/100 with 3 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 Nokia Oyj (LTS:0HAF), the current Inventory Turnover is 1.09 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 Nokia Oyj (LTS:0HAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued. The current stock price of €10.28 is trading 138.4% above its estimated GF Value™ of €4.31. GuruFocus considers Nokia Oyj to be Significantly Overvalued.

Key valuation signals for LTS:0HAF:

  • Inventory Turnover: 1.09
  • GF Value™: €4.31 vs. price of €10.28 (138.4% above fair value)
  • GF Score™: 59/100 with 3 warning signs

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

Nokia Oyj Business Description

Address Karakaari 7, Espoo, FIN, 02610
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
59GF Score

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

€10.28
Price
€4.31
GF Value