Visteon Corp (VC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,467,000 | 3,388,000 | 2,519,000 | 2,303,000 | 2,621,000 |
| Inventory | US$ in thousands | 298,000 | 348,000 | 262,000 | 177,000 | 169,000 |
| Inventory turnover | 11.63 | 9.74 | 9.61 | 13.01 | 15.51 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,467,000K ÷ $298,000K
= 11.63
Visteon Corp.'s inventory turnover ratio has displayed some fluctuations over the past five years. The trend indicates that the company's efficiency in managing its inventory has varied. In 2019, the inventory turnover was 15.51, signifying that the company sold and replaced its inventory 15.51 times during the year. However, this ratio declined to 13.01 in 2020 before further decreasing to 9.61 in 2021. There was a slight improvement in 2022, with the inventory turnover ratio increasing to 9.74. The most recent data from 2023 shows a significant improvement, with the inventory turnover ratio reaching 11.63.
Overall, while the inventory turnover ratio has shown fluctuations, the recent increase indicates a positive trend in the company's inventory management efficiency. Visteon Corp. may have implemented strategies to better control its inventory levels, which could lead to improved cash flow and profitability.
Peer comparison
Dec 31, 2023