Var Energi ASA (OSL:VAR) Inventory Turnover: 3.52 (As of Mar. 2026)

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Var Energi ASA OSL:VAR

81 GF Score

Price kr44.40

GF Value kr44.78

Valuation Fairly Valued

4 Warning Signs

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What is Var Energi ASA Inventory Turnover?

Var Energi ASA OSL:VAR +2.02% 81 Inventory Turnover is 3.52 as of Mar. 2026. GuruFocus rates OSL:VAR with a GF Score™ of 81/100 and a GF Value™ of kr44.78 (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. Var Energi ASA's Cost of Goods Sold for the three months ended in Mar. 2026 was kr11,860 Mil. Var Energi ASA's Average Total Inventories for the quarter that ended in Mar. 2026 was kr3,366 Mil. Var Energi ASA's Inventory Turnover for the quarter that ended in Mar. 2026 was 3.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Var Energi ASA's Days Inventory for the three months ended in Mar. 2026 was 25.89.

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. Var Energi ASA's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.13.

Var Energi ASA (OSL:VAR) 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.

Var Energi 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
	=	3365.5615	/	11859.795	*	365 / 4
	=	25.89

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.

Var Energi 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 )
	=	3365.5615	/	25666.764
	=	0.13

* 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.

Var Energi ASA Inventory Turnover Related Terms

Var Energi ASA Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Var Energi ASA's Inventory Turnover can be seen below:

Var Energi ASA Inventory Turnover Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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9.88

9.60

10.23

13.89

13.26

Var Energi 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															2.90	3.45	3.78	3.32	3.52

81GF Score

Var Energi ASA OSL:VAR

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

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Var Energi ASA Inventory Turnover Calculation

Var Energi 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 )
=	40481.167	/ (	(2708.605	+	3397.94)	/	2 )
=	40481.167	/	3053.2725
=	13.26

Var Energi 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 )
=	11859.795	/ (	(3397.94	+	3333.183)	/	2 )
=	11859.795	/	3365.5615
=	3.52

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 3.52 mean?

Var Energi ASA (OSL:VAR) has a Inventory Turnover of 3.52 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Var Energi ASA and its competitors.

Is Var Energi ASA's Inventory Turnover too high?

Var Energi ASA's current Inventory Turnover is 3.52. Overall, Var Energi ASA has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Var Energi ASA's Inventory Turnover compare to COP and EOG?

Var Energi ASA's Inventory Turnover of 3.52 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas 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 Var Energi ASA and its competitors. Var Energi ASA's current Inventory Turnover is 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Var Energi ASA stock overvalued right now?

Based on GuruFocus' analysis, Var Energi ASA (OSL:VAR) is currently considered Fairly Valued. The stock's GF Value™ is kr44.78, compared to a current price of kr44.40 — trading 0.8% below its estimated fair value. The current Inventory Turnover is 3.52. Var Energi ASA's overall GF Score™ is 81/100 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 Var Energi ASA (OSL:VAR), the current Inventory Turnover is 3.52 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 Var Energi ASA (OSL:VAR) Overvalued in 2026?

Based on GuruFocus' analysis, Var Energi ASA stock appears to be undervalued. The current stock price of kr44.40 is trading 0.8% below its estimated GF Value™ of kr44.78. GuruFocus considers Var Energi ASA to be Fairly Valued.

Key valuation signals for OSL:VAR:

Inventory Turnover: 3.52
GF Value™: kr44.78 vs. price of kr44.40 (0.8% below fair value)
GF Score™: 81/100 with 4 warning signs

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

Var Energi ASA Business Description

Industry Energy Oil & Gas

Comparable Companies XSAT:ABI HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT TPL TSE:1605 EXE OSL:AKRBP TSX:TOU ASX:STO BKK:PTTEP PR OVV

Other Exchanges VARRY:USA VARo:Sweden VARo:UK J4V:Germany

Address Vestre Svanholmen 1, Sandnes, NOR, 4313

Website https://www.varenergi.no

Var Energi ASA is an independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. The Company operates within a single operating segment, and the products include oil and gas, natural gas liquids (NGL). Revenues are mainly related to the sale of oil, gas, and NGL. Var Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjoa, Duva, Balder, and Ringhorne (North Sea).

81GF Score

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

kr44.40

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kr44.78

GF Value

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