Icelandair Group hf (OISE:ICEAIR) Inventory Turnover: 10.39 (As of Mar. 2026)

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OISE:ICEAIR Icelandair Group hf OISE:ICEAIR
51 GF Score
Price kr0.73
GF Value kr1.34
Valuation Possible Value Trap
! 2 Warning Signs
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What is Icelandair Group hf Inventory Turnover?

Icelandair Group hf OISE:ICEAIR 51 Inventory Turnover is 10.39 as of Mar. 2026. GuruFocus rates OISE:ICEAIR with a GF Score™ of 51/100 and a GF Value™ of kr1.34 (Possible Value Trap). 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. Icelandair Group hf's Cost of Goods Sold for the three months ended in Mar. 2026 was kr38,287 Mil. Icelandair Group hf's Average Total Inventories for the quarter that ended in Mar. 2026 was kr3,687 Mil. Icelandair Group hf's Inventory Turnover for the quarter that ended in Mar. 2026 was 10.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Icelandair Group hf's Days Inventory for the three months ended in Mar. 2026 was 8.79.

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. Icelandair Group hf's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.09.

Icelandair Group hf  (OISE:ICEAIR) 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.

Icelandair Group hf'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
=3686.559/38286.541*365 / 4
=8.79

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.

Icelandair Group hf'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 )
=3686.559 / 42435.777
=0.09

* 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.

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.

Icelandair Group hf Inventory Turnover Related Terms

Icelandair Group hf Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Icelandair Group hf'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.

Icelandair Group hf Inventory Turnover Chart

Icelandair Group hf 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 22.60 43.29 51.03 51.02 51.49

Icelandair Group hf 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 10.22 12.88 14.29 11.85 10.39
OISE:ICEAIR
51GF Score
Icelandair Group hf OISE:ICEAIR
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Icelandair Group hf Inventory Turnover Calculation

Icelandair Group hf'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 )
=169898.608 / ((3070.889 + 3528.613) / 2 )
=169898.608 / 3299.751
=51.49

Icelandair Group hf'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 )
=38286.541 / ((3528.613 + 3844.505) / 2 )
=38286.541 / 3686.559
=10.39

* 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 10.39 mean?
Icelandair Group hf (OISE:ICEAIR) has a Inventory Turnover of 10.39 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Icelandair Group hf and its competitors.
Is Icelandair Group hf's Inventory Turnover too high?
Icelandair Group hf's current Inventory Turnover is 10.39. Overall, Icelandair Group hf has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Inventory Turnover compare to DAL and UAL?
Icelandair Group hf's Inventory Turnover of 10.39 can be compared against companies in the Transportation 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 Transportation company?
A good Inventory Turnover depends on the Transportation 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 Icelandair Group hf and its competitors. Icelandair Group hf's current Inventory Turnover is 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Based on GuruFocus' analysis, Icelandair Group hf (OISE:ICEAIR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.34, compared to a current price of kr0.73 — trading 45.8% below its estimated fair value. The current Inventory Turnover is 10.39. Icelandair Group hf's overall GF Score™ is 51/100 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 Icelandair Group hf (OISE:ICEAIR), the current Inventory Turnover is 10.39 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 Icelandair Group hf (OISE:ICEAIR) Overvalued in 2026?

Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued. The current stock price of kr0.73 is trading 45.8% below its estimated GF Value™ of kr1.34. GuruFocus considers Icelandair Group hf to be Possible Value Trap.

Key valuation signals for OISE:ICEAIR:

  • Inventory Turnover: 10.39
  • GF Value™: kr1.34 vs. price of kr0.73 (45.8% below fair value)
  • GF Score™: 51/100 with 2 warning signs

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

Icelandair Group hf Business Description

Address Flugvellir 1, Hafnarfjordur, ISL, 221
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
51GF Score

Get the complete analysis for OISE:ICEAIR

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

kr0.73
Price
kr1.34
GF Value