NOV (MEX:NOV) Inventory Turnover: 0.91 (As of Mar. 2026)

NOV MEX:NOV 72 Inventory Turnover is 0.91 as of Mar. 2026. GuruFocus rates MEX:NOV with a GF Score™ of 72/100 and a GF Value™ of MXN311.50. The stock has 5 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. NOV's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN30,169 Mil. NOV's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN33,093 Mil. NOV's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NOV's Days Inventory for the three months ended in Mar. 2026 was 100.09.

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. NOV's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.89.

NOV (MEX:NOV) 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.

NOV'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
	=	33092.767	/	30168.707	*	365 / 4
	=	100.09

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.

NOV'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 )
	=	33092.767	/	37003.1
	=	0.89

* 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.

NOV Inventory Turnover Related Terms

NOV Inventory Turnover Historical Data

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

NOV Inventory Turnover Chart

NOV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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3.52

3.67

3.19

3.73

3.46

NOV 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															0.85	0.86	0.91	0.98	0.91

72GF Score

NOV Inc MEX:NOV

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

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NOV Inventory Turnover Calculation

NOV'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 )
=	125625.769	/ (	(40293.212	+	32392.254)	/	2 )
=	125625.769	/	36342.733
=	3.46

NOV'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 )
=	30168.707	/ (	(32392.254	+	33793.28)	/	2 )
=	30168.707	/	33092.767
=	0.91

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.91 mean?

NOV (MEX:NOV) has a Inventory Turnover of 0.91 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on NOV and its competitors.

Is NOV's Inventory Turnover too high?

NOV's current Inventory Turnover is 0.91. Overall, NOV has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does NOV's Inventory Turnover compare to AROC and WFRD?

NOV's Inventory Turnover of 0.91 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 NOV and its competitors. NOV's current Inventory Turnover is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NOV stock overvalued right now?

NOV (MEX:NOV) has a current Inventory Turnover of 0.91. The stock's GF Value™ is MXN311.50, compared to a current price of MXN313.00 — trading 0.5% above its estimated fair value. The current Inventory Turnover is 0.91. NOV's overall GF Score™ is 72/100 with 5 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 NOV (MEX:NOV), the current Inventory Turnover is 0.91 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 NOV (MEX:NOV) Overvalued in 2026?

Based on GuruFocus' analysis, NOV stock appears to be overvalued. The current stock price of MXN313.00 is trading 0.5% above its estimated GF Value™ of MXN311.50.

Key valuation signals for MEX:NOV:

Inventory Turnover: 0.91
GF Value™: MXN311.50 vs. price of MXN313.00 (0.5% above fair value)
GF Score™: 72/100 with 5 warning signs

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

NOV Business Description

Industry Energy Oil & Gas

Comparable Companies AROC WFRD KGS SEI LBRT OII USAC WHD TDW NESR SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT XPAR:TE

Other Exchanges NOV:USA 0K58:UK NO8:Germany N1OV34:Brazil

Address 10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website https://www.nov.com

NOV (formerly National Oilwell Varco) designs, manufactures, and sells a wide range of equipment and components supplying the oil and gas industry, including rig equipment, downhole tools, drill pipe, and well casing. NOV's customers include major integrated oil companies, national oil companies, independent oil and gas companies, and drilling contractors. Its operations are organized into two reportable segments: energy products and services and energy equipment. NOV operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue.

72GF Score

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MXN313.00

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MXN311.50

GF Value

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