SPGGF (SP Group AS) Inventory Turnover: 0.59 (As of Mar. 2026)

What is SP Group AS Inventory Turnover?

SP Group AS SPGGF 95 Inventory Turnover is 0.59 as of Mar. 2026. GuruFocus rates SPGGF with a GF Score™ of 95/100 and a GF Value™ of $24.26. The stock has 8 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. SP Group AS's Cost of Goods Sold for the three months ended in Mar. 2026 was $69.1 Mil. SP Group AS's Average Total Inventories for the quarter that ended in Mar. 2026 was $116.6 Mil. SP Group AS's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SP Group AS's Days Inventory for the three months ended in Mar. 2026 was 153.93.

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. SP Group AS's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.78.

SP Group AS (OTCPK:SPGGF) 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.

SP Group AS'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
	=	116.5775	/	69.107	*	365 / 4
	=	153.93

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.

SP Group AS'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 )
	=	116.5775	/	149.475
	=	0.78

* 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.

SP Group AS Inventory Turnover Related Terms

SP Group AS Inventory Turnover Historical Data

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The historical data trend for SP Group AS's Inventory Turnover can be seen below:

SP Group AS Inventory Turnover Chart

SP Group AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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2.93

2.57

1.91

2.05

2.03

SP Group AS 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															0.59	0.50	0.46	0.47	0.59

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SP Group AS SPGGF

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SP Group AS Inventory Turnover Calculation

SP Group AS'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 )
=	206.505	/ (	(87.716	+	115.558)	/	2 )
=	206.505	/	101.637
=	2.03

SP Group AS'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 )
=	69.107	/ (	(115.558	+	117.597)	/	2 )
=	69.107	/	116.5775
=	0.59

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.59 mean?

SP Group AS (SPGGF) has a Inventory Turnover of 0.59 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on SP Group AS and its competitors.

Is SP Group AS's Inventory Turnover too high?

SP Group AS's current Inventory Turnover is 0.59. Overall, SP Group AS has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.

How does SP Group AS's Inventory Turnover compare to LIN and SHW?

SP Group AS's Inventory Turnover of 0.59 can be compared against companies in the Chemicals 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 Chemicals company?

A good Inventory Turnover depends on the Chemicals 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 SP Group AS and its competitors. SP Group AS's current Inventory Turnover is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SP Group AS stock overvalued right now?

SP Group AS (SPGGF) has a current Inventory Turnover of 0.59. The stock's GF Value™ is $24.26, compared to a current price of $29.71 — trading 22.5% above its estimated fair value. The current Inventory Turnover is 0.59. SP Group AS's overall GF Score™ is 95/100 with 8 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 SP Group AS (SPGGF), the current Inventory Turnover is 0.59 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 SP Group AS (SPGGF) Overvalued in 2026?

Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued. The current stock price of $29.71 is trading 22.5% above its estimated GF Value™ of $24.26.

Key valuation signals for SPGGF:

Inventory Turnover: 0.59
GF Value™: $24.26 vs. price of $29.71 (22.5% above fair value)
GF Score™: 95/100 with 8 warning signs

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

SP Group AS Business Description

Industry Basic Materials Chemicals

Comparable Companies OCSE:FLUG B OCSE:HOVE LIN XPAR:AI SHW ECL APD SHSE:603256 XSWX:GIVN TPE:1303 XSWX:SIKA SHSE:600309 SHSE:688146 OCSE:NSIS B PPG BOM:500820 XAMS:DSFIR XSGO:SQM-B ADX:BOROUGE XSWX:EMSN

Other Exchanges SPG:Denmark 1PU2:Germany

Address Snavevej 6-10, Sonderso, DNK, 5471

Website https://www.sp-group.com

SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.

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$29.71

Price

$24.26

GF Value

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