NGVC (Natural Grocers by Vitamin Cottage) Inventory Turnover: 1.82 (As of Mar. 2026)


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
84 GF Score
Price $32.69
GF Value $27.27
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Natural Grocers by Vitamin Cottage Inventory Turnover?

Natural Grocers by Vitamin Cottage NGVC +1.62% 84 Inventory Turnover is 1.82 as of Mar. 2026. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 2 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. Natural Grocers by Vitamin Cottage's Cost of Goods Sold for the three months ended in Mar. 2026 was $235 Mil. Natural Grocers by Vitamin Cottage's Average Total Inventories for the quarter that ended in Mar. 2026 was $129 Mil. Natural Grocers by Vitamin Cottage's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Natural Grocers by Vitamin Cottage's Days Inventory for the three months ended in Mar. 2026 was 50.02.

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. Natural Grocers by Vitamin Cottage's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.38.

Natural Grocers by Vitamin Cottage  (NYSE:NGVC) 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.

Natural Grocers by Vitamin Cottage'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
=128.786/234.933*365 / 4
=50.02

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.

Natural Grocers by Vitamin Cottage'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 )
=128.786 / 337.376
=0.38

* 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.

Natural Grocers by Vitamin Cottage Inventory Turnover Related Terms

Natural Grocers by Vitamin Cottage Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Natural Grocers by Vitamin Cottage'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.

Natural Grocers by Vitamin Cottage Inventory Turnover Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.61 7.32 6.98 7.31 7.36

Natural Grocers by Vitamin Cottage 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 1.90 1.85 1.84 1.81 1.82
NGVC
84GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natural Grocers by Vitamin Cottage Inventory Turnover Calculation

Natural Grocers by Vitamin Cottage's Inventory Turnover for the fiscal year that ended in Sep. 2025 is calculated as

Inventory Turnover (A: Sep. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2025 ) / ((Total Inventories (A: Sep. 2024 ) + Total Inventories (A: Sep. 2025 )) / count )
=932.959 / ((120.672 + 132.968) / 2 )
=932.959 / 126.82
=7.36

Natural Grocers by Vitamin Cottage'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 )
=234.933 / ((127.886 + 129.686) / 2 )
=234.933 / 128.786
=1.82

* 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 1.82 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Inventory Turnover of 1.82 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Natural Grocers by Vitamin Cottage and its competitors.
Is Natural Grocers by Vitamin Cottage's Inventory Turnover too high?
Natural Grocers by Vitamin Cottage's current Inventory Turnover is 1.82. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Inventory Turnover compare to VLGEA and YSWY?
Natural Grocers by Vitamin Cottage's Inventory Turnover of 1.82 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Inventory Turnover depends on the Retail - Defensive 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 Natural Grocers by Vitamin Cottage and its competitors. Natural Grocers by Vitamin Cottage's current Inventory Turnover is 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.27, compared to a current price of $32.69 — trading 19.9% above its estimated fair value. The current Inventory Turnover is 1.82. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 2 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 Natural Grocers by Vitamin Cottage (NGVC), the current Inventory Turnover is 1.82 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 Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued. The current stock price of $32.69 is trading 19.9% above its estimated GF Value™ of $27.27. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • Inventory Turnover: 1.82
  • GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
  • GF Score™: 84/100 with 2 warning signs

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

Natural Grocers by Vitamin Cottage Business Description

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
84GF Score

Get the complete analysis for NGVC

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

$32.69
Price
$27.27
GF Value