Visteon Corp (VC)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,335,000 | 3,390,000 | 3,412,000 | 3,424,000 | 3,467,000 | 3,557,000 | 3,608,000 | 3,503,000 | 3,388,000 | 3,125,000 | 2,787,000 | 2,588,000 | 2,519,000 | 2,530,000 | 2,594,000 | 2,386,000 | 2,303,000 | 2,245,000 | 2,244,000 | 2,540,000 |
| Inventory | US$ in thousands | 283,000 | 321,000 | 311,000 | 342,000 | 298,000 | 318,000 | 329,000 | 358,000 | 348,000 | 341,000 | 306,000 | 331,000 | 262,000 | 253,000 | 210,000 | 188,000 | 177,000 | 164,000 | 170,000 | 180,000 |
| Inventory turnover | 11.78 | 10.56 | 10.97 | 10.01 | 11.63 | 11.19 | 10.97 | 9.78 | 9.74 | 9.16 | 9.11 | 7.82 | 9.61 | 10.00 | 12.35 | 12.69 | 13.01 | 13.69 | 13.20 | 14.11 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,335,000K ÷ $283,000K
= 11.78
The inventory turnover of Visteon Corp has exhibited some fluctuations over the periods under review. The inventory turnover ratio measures how efficiently a company manages its inventory by showing the number of times the inventory is sold and replaced over a specific period.
Based on the data provided, Visteon Corp's inventory turnover ratio ranged from a high of 14.11 on March 31, 2020, to a low of 7.82 on March 31, 2022. The ratio gradually decreased from around 13 in 2020 to below 10 by September 30, 2021, before slightly increasing again.
A lower inventory turnover ratio may indicate inefficiency in managing inventory, such as overstocking or slow-moving inventory. Conversely, a higher ratio signifies efficient inventory management and faster sales turnover.
It is worth noting that the inventory turnover ratio is dependent on the industry norms, and comparisons with industry peers can provide more context. Further analysis of Visteon Corp's inventory turnover ratio in conjunction with other financial metrics would be beneficial to gain a more comprehensive understanding of the company's operational effectiveness.
Peer comparison
Dec 31, 2024
Dec 31, 2024