NOBH (Nobility Homes) Inventory Turnover: 0.43 (As of Apr. 2026)

What is Nobility Homes Inventory Turnover?

Nobility Homes NOBH +3.56% 84 Inventory Turnover is 0.43 as of Apr. 2026. GuruFocus rates NOBH with a GF Score™ of 84/100 and a GF Value™ of $27.88 (Modestly Overvalued). 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. Nobility Homes's Cost of Goods Sold for the three months ended in Apr. 2026 was $8.78 Mil. Nobility Homes's Average Total Inventories for the quarter that ended in Apr. 2026 was $20.36 Mil. Nobility Homes's Inventory Turnover for the quarter that ended in Apr. 2026 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nobility Homes's Days Inventory for the three months ended in Apr. 2026 was 211.60.

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. Nobility Homes's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 1.64.

Nobility Homes (OTCPK:NOBH) 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.

Nobility Homes's Days Inventory for the three months ended in Apr. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2026 )	/	Cost of Goods Sold (Q: Apr. 2026 )	*	Days in Period
	=	20.3625	/	8.781	*	365 / 4
	=	211.60

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.

Nobility Homes's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2026 )	/	Revenue (Q: Apr. 2026 )
	=	20.3625	/	12.411
	=	1.64

* 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.

Nobility Homes Inventory Turnover Related Terms

Nobility Homes Inventory Turnover Historical Data

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

Nobility Homes Inventory Turnover Chart

Nobility Homes Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Inventory Turnover

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3.25

2.13

1.86

1.62

1.76

Nobility Homes Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Inventory Turnover	Get a 7-Day Free Trial															0.50	0.41	0.47	0.37	0.43

84GF Score

Nobility Homes Inc NOBH

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

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Nobility Homes Inventory Turnover Calculation

Nobility Homes's Inventory Turnover for the fiscal year that ended in Oct. 2025 is calculated as

	Inventory Turnover (A: Oct. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2025 )	/ (	(Total Inventories (A: Oct. 2024 )	+	Total Inventories (A: Oct. 2025 ))	/	count )
=	35.883	/ (	(21.039	+	19.733)	/	2 )
=	35.883	/	20.386
=	1.76

Nobility Homes's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

	Inventory Turnover (Q: Apr. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2026 )	/ (	(Total Inventories (Q: Jan. 2026 )	+	Total Inventories (Q: Apr. 2026 ))	/	count )
=	8.781	/ (	(20.268	+	20.457)	/	2 )
=	8.781	/	20.3625
=	0.43

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.43 mean?

Nobility Homes (NOBH) has a Inventory Turnover of 0.43 as of Apr. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Nobility Homes and its competitors.

Is Nobility Homes' Inventory Turnover too high?

Nobility Homes' current Inventory Turnover is 0.43. Overall, Nobility Homes has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Nobility Homes' Inventory Turnover compare to SPHL and DREM?

Nobility Homes' Inventory Turnover of 0.43 can be compared against companies in the Homebuilding & Construction 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 Homebuilding & Construction company?

A good Inventory Turnover depends on the Homebuilding & Construction 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 Nobility Homes and its competitors. Nobility Homes's current Inventory Turnover is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Nobility Homes stock overvalued right now?

Based on GuruFocus' analysis, Nobility Homes (NOBH) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.88, compared to a current price of $32.00 — trading 14.8% above its estimated fair value. The current Inventory Turnover is 0.43. Nobility Homes' overall GF Score™ is 84/100 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 Nobility Homes (NOBH), the current Inventory Turnover is 0.43 as of Apr. 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 Nobility Homes (NOBH) Overvalued in 2026?

Based on GuruFocus' analysis, Nobility Homes stock appears to be overvalued. The current stock price of $32.00 is trading 14.8% above its estimated GF Value™ of $27.88. GuruFocus considers Nobility Homes to be Modestly Overvalued.

Key valuation signals for NOBH:

Inventory Turnover: 0.43
GF Value™: $27.88 vs. price of $32.00 (14.8% above fair value)
GF Score™: 84/100 with 5 warning signs

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

Nobility Homes Business Description

Industry Consumer Cyclical Homebuilding & Construction

Comparable Companies SPHL DREM BDCC VNJA DHI PHM LEN NVR TOL TSE:1928 TMHC IBP MTH LSE:BTRW TSE:1911 SKY LSE:PSN CVCO TSE:1808 LSE:BKG

Address 3741 South West 7th Street, Ocala, FL, USA, 34474

Website http://www.nobilityhomes.com

Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.

84GF Score

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

$32.00

Price

$27.88

GF Value

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