Norwegian Air Shuttle ASA (OSL:NAS) Inventory Turnover: 11.29 (As of Mar. 2026)


OSL:NAS Norwegian Air Shuttle ASA OSL:NAS
70 GF Score
Price kr14.90
GF Value kr16.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Norwegian Air Shuttle ASA Inventory Turnover?

Norwegian Air Shuttle ASA OSL:NAS +2.41% 70 Inventory Turnover is 11.29 as of Mar. 2026. GuruFocus rates OSL:NAS with a GF Score™ of 70/100 and a GF Value™ of kr16.10 (Fairly Valued). The stock has 4 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. Norwegian Air Shuttle ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was kr6,496 Mil. Norwegian Air Shuttle ASA's Average Total Inventories for the quarter that ended in Mar. 2026 was kr576 Mil. Norwegian Air Shuttle ASA's Inventory Turnover for the quarter that ended in Mar. 2026 was 11.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Norwegian Air Shuttle ASA's Days Inventory for the three months ended in Mar. 2026 was 8.08.

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. Norwegian Air Shuttle ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.08.

Norwegian Air Shuttle ASA  (OSL:NAS) 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.

Norwegian Air Shuttle ASA'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
=575.5/6496*365 / 4
=8.08

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.

Norwegian Air Shuttle ASA'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 )
=575.5 / 6904
=0.08

* 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.

Norwegian Air Shuttle ASA Inventory Turnover Related Terms

Norwegian Air Shuttle ASA Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Norwegian Air Shuttle ASA'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.

Norwegian Air Shuttle ASA Inventory Turnover Chart

Norwegian Air Shuttle ASA 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 169.51 347.74 117.94 73.83 54.25

Norwegian Air Shuttle ASA 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 12.68 15.70 15.25 13.24 11.29
OSL:NAS
70GF Score
Norwegian Air Shuttle ASA OSL:NAS
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Norwegian Air Shuttle ASA Inventory Turnover Calculation

Norwegian Air Shuttle ASA'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 )
=28969 / ((502 + 566) / 2 )
=28969 / 534
=54.25

Norwegian Air Shuttle ASA'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 )
=6496 / ((566 + 585) / 2 )
=6496 / 575.5
=11.29

* 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 11.29 mean?
Norwegian Air Shuttle ASA (OSL:NAS) has a Inventory Turnover of 11.29 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Norwegian Air Shuttle ASA and its competitors.
Is Norwegian Air Shuttle ASA's Inventory Turnover too high?
Norwegian Air Shuttle ASA's current Inventory Turnover is 11.29. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norwegian Air Shuttle ASA's Inventory Turnover compare to DAL and UAL?
Norwegian Air Shuttle ASA's Inventory Turnover of 11.29 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 Norwegian Air Shuttle ASA and its competitors. Norwegian Air Shuttle ASA's current Inventory Turnover is 11.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norwegian Air Shuttle ASA stock overvalued right now?
Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Fairly Valued. The stock's GF Value™ is kr16.10, compared to a current price of kr14.90 — trading 7.5% below its estimated fair value. The current Inventory Turnover is 11.29. Norwegian Air Shuttle ASA's overall GF Score™ is 70/100 with 4 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 Norwegian Air Shuttle ASA (OSL:NAS), the current Inventory Turnover is 11.29 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 Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr14.90 is trading 7.5% below its estimated GF Value™ of kr16.10. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for OSL:NAS:

  • Inventory Turnover: 11.29
  • GF Value™: kr16.10 vs. price of kr14.90 (7.5% below fair value)
  • GF Score™: 70/100 with 4 warning signs

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

Norwegian Air Shuttle ASA Business Description

Address Oksenoyveien 3, Fornebu, P.O. Box 115, Lysaker, NOR, NO-1366
Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.
70GF Score

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

kr14.90
Price
kr16.10
GF Value