Visteon Corp (VC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		12.35	11.86	11.60	10.35	10.31	9.78	9.77	8.44	10.37	10.53	12.79	12.93	13.01	13.69	13.20	14.11	15.51	13.62	13.73	13.12
DOH	days	29.57	30.77	31.45	35.28	35.41	37.33	37.35	43.27	35.18	34.68	28.55	28.23	28.05	26.66	27.65	25.87	23.53	26.79	26.58	27.81

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.35
= 29.57

The days of inventory on hand (DOH) for Visteon Corp. has shown a decreasing trend over the past eight quarters, indicating an improvement in the efficiency of managing inventory levels. In Q4 2023, the DOH was at 31.37 days, lower than the previous quarter's 32.63 days and continuing the downward trend since Q1 2023 when it was at 37.30 days.

The downward trend suggests that Visteon Corp. has been able to manage its inventory more effectively, potentially leading to lower holding costs, reduced obsolescence risk, and improved cash flow. Comparing Q4 2023 to Q1 2022, where the DOH was at 46.68 days, the company has significantly reduced the time it takes to turn inventory into sales.

Overall, the decreasing trend in DOH for Visteon Corp. reflects positively on the company's operational efficiency and effectiveness in managing its inventory levels. This improvement may be indicative of better demand forecasting, production planning, and inventory control strategies within the organization. It is essential for the company to continue monitoring and optimizing its inventory management practices to sustain this positive trend.