NROM (Noble Roman's) Inventory Turnover: 2.67 (As of Mar. 2026)

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Noble Roman's Inc NROM

31 GF Score

Price $0.64

GF Value $0.32

Valuation Significantly Overvalued

6 Warning Signs

View Full Analysis

What is Noble Roman's Inventory Turnover?

Noble Roman's NROM 31 Inventory Turnover is 2.67 as of Mar. 2026. GuruFocus rates NROM with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 6 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. Noble Roman's's Cost of Goods Sold for the three months ended in Mar. 2026 was $2.63 Mil. Noble Roman's's Average Total Inventories for the quarter that ended in Mar. 2026 was $0.98 Mil. Noble Roman's's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Noble Roman's's Days Inventory for the three months ended in Mar. 2026 was 34.13.

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. Noble Roman's's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.25.

Noble Roman's (OTCPK:NROM) 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.

Noble Roman's'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
	=	0.9825	/	2.627	*	365 / 4
	=	34.13

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.

Noble Roman's'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 )
	=	0.9825	/	3.904
	=	0.25

* 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.

Noble Roman's Inventory Turnover Related Terms

Noble Roman's Inventory Turnover Historical Data

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

Noble Roman's Inventory Turnover Chart

Noble Roman's Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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10.08

11.45

9.00

10.75

11.12

Noble Roman's 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															2.77	2.70	2.70	2.68	2.67

31GF Score

Noble Roman's Inc NROM

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

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Noble Roman's Inventory Turnover Calculation

Noble Roman's'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 )
=	10.857	/ (	(0.987	+	0.965)	/	2 )
=	10.857	/	0.976
=	11.12

Noble Roman's'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 )
=	2.627	/ (	(0.965	+	1)	/	2 )
=	2.627	/	0.9825
=	2.67

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.67 mean?

Noble Roman's (NROM) has a Inventory Turnover of 2.67 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Noble Roman's and its competitors.

Is Noble Roman's' Inventory Turnover too high?

Noble Roman's' current Inventory Turnover is 2.67. Overall, Noble Roman's has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Noble Roman's' Inventory Turnover compare to GTIM and PETZ?

Noble Roman's' Inventory Turnover of 2.67 can be compared against companies in the Restaurants 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 Restaurants company?

A good Inventory Turnover depends on the Restaurants 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 Noble Roman's and its competitors. Noble Roman's's current Inventory Turnover is 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Noble Roman's stock overvalued right now?

Based on GuruFocus' analysis, Noble Roman's (NROM) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.32, compared to a current price of $0.64 — trading 100% above its estimated fair value. The current Inventory Turnover is 2.67. Noble Roman's' overall GF Score™ is 31/100 with 6 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 Noble Roman's (NROM), the current Inventory Turnover is 2.67 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 Noble Roman's (NROM) Overvalued in 2026?

Based on GuruFocus' analysis, Noble Roman's stock appears to be overvalued. The current stock price of $0.64 is trading 100% above its estimated GF Value™ of $0.32. GuruFocus considers Noble Roman's to be Significantly Overvalued.

Key valuation signals for NROM:

Inventory Turnover: 2.67
GF Value™: $0.32 vs. price of $0.64 (100% above fair value)
GF Score™: 31/100 with 6 warning signs

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

Noble Roman's Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies GTIM PETZ CCHH REBN GENK MHGU ARKR BTBD VSTD TWNPQ MCD SBUX LSE:CPG YUM CMG TSX:QSR DRI TSX:QSP.UN YUMC TXRH

Address 6612 E. 75th Street, Suite 450, Indianapolis, IN, USA, 46250

Website https://www.nobleromans.com

Noble Roman's Inc is a restaurant operator. It sells and services franchises and licenses and operates Company-owned stand-alone restaurants and non-traditional foodservice operations under the trade names Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs. The Company has two reportable operating segments: Franchising - Consists of franchise royalties, franchise fee revenue, manufacturer and distributor allowances, equipment commissions, and related support activities; and Company-Owned Restaurants - Consists of the operations of Company-owned Craft Pizza & Pub locations and Company-operated non-traditional restaurant locations.

31GF 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

$0.32

GF Value

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