Visteon Corp (VC)

Activity ratios

Short-term

Turnover ratios

	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
Receivables turnover	4.00	4.53	4.83	4.95	4.48	4.17	4.65	4.86	3.96	5.15	5.68	5.08	3.85	4.24	6.12	6.38	4.38	5.44	6.16	5.60
Payables turnover	6.68	6.34	6.77	6.12	5.46	5.17	6.10	5.18	5.21	6.40	6.29	5.00	4.61	4.54	6.76	5.75	5.13	5.64	5.74	5.82
Working capital turnover	5.77	5.97	5.88	5.57	5.56	5.66	5.16	4.73	4.85	5.30	5.90	5.12	4.93	5.22	3.01	3.34	5.38	5.58	5.53	5.34

The activity ratios of Visteon Corp. provide insights into the company's efficiency in managing its assets and operations.

1. Inventory turnover:
- The inventory turnover ratio measures how efficiently the company is managing its inventory. A higher ratio indicates that the company is selling its inventory quickly. Visteon Corp. has shown a consistent improvement in inventory turnover over the quarters analyzed, with a significant increase from Q1 2022 to Q4 2023.

2. Receivables turnover:
- The receivables turnover ratio reflects how efficiently the company is collecting payments from its customers. Visteon Corp. has also demonstrated a positive trend in receivables turnover, indicating an improvement in its collection process from Q1 2022 to Q4 2023.

3. Payables turnover:
- The payables turnover ratio evaluates how effectively the company is managing its payables. A higher ratio suggests that the company is paying its suppliers promptly. Visteon Corp. has shown fluctuation in payables turnover over the quarters but maintained a relatively stable performance.

4. Working capital turnover:
- The working capital turnover ratio measures how well the company is utilizing its working capital to generate revenue. An increasing trend in this ratio indicates that the company is efficiently using its resources. Visteon Corp. has demonstrated a consistent improvement in working capital turnover, reflecting enhanced operational efficiency over the analyzed periods.

Overall, the activity ratios of Visteon Corp. suggest that the company has been making strides in enhancing its efficiency in managing its assets and operations, which could positively impact its financial performance in the long run.

Average number of days

		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
Days of inventory on hand (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
Days of sales outstanding (DSO)	days	91.30	80.50	75.60	73.80	81.44	87.52	78.49	75.15	92.24	70.81	64.25	71.79	94.83	86.11	59.68	57.23	83.29	67.10	59.27	65.17
Number of days of payables	days	54.67	57.58	53.92	59.62	66.85	70.61	59.82	70.46	70.10	57.02	58.05	72.97	79.24	80.32	54.00	63.52	71.16	64.74	63.53	62.76

The activity ratios of Visteon Corp. represent the efficiency of the company in managing its inventory, accounts receivable, and accounts payable.

1. Days of Inventory on Hand (DOH) has shown a decreasing trend from Q1 2023 to Q4 2023, indicating that the company is managing its inventory more efficiently by reducing the number of days it holds inventory before selling it.

2. Days of Sales Outstanding (DSO) have also shown improvement from Q1 2023 to Q4 2023, indicating that the company is collecting its accounts receivable more promptly, which is a positive sign of efficient credit management.

3. Number of Days of Payables has fluctuated but generally decreased from Q1 2023 to Q4 2023, suggesting that the company is taking longer to pay its suppliers. While this can be beneficial for cash flow management, it is essential for Visteon Corp. to maintain good relationships with its suppliers.

Overall, the improving trends in DOH and DSO reflect positively on Visteon Corp.'s operational efficiency and liquidity management. However, the company should be cautious about extending its payables too far, as it may impact its relationships with suppliers in the long run.

Long-term

	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
Fixed asset turnover	9.46	10.67	11.00	10.69	10.32	10.35	8.86	7.61	7.15	7.04	7.04	6.40	5.84	5.99	5.98	6.79	6.75	7.15	6.96	7.16
Total asset turnover	1.45	1.71	1.74	1.62	1.53	1.50	1.44	1.27	1.24	1.34	1.36	1.22	1.12	1.16	1.07	1.15	1.30	1.35	1.31	1.33

The fixed asset turnover ratio for Visteon Corp. has been relatively stable over the past eight quarters, ranging from 7.61 to 11.01. This ratio measures the efficiency of the company in generating sales revenue from its fixed assets, with higher values indicating better asset utilization. Visteon's fixed asset turnover has generally been high, indicating that the company is efficient in generating sales from its fixed assets.

On the other hand, the total asset turnover ratio has also shown a consistent performance for Visteon Corp. over the same period, ranging from 1.27 to 1.74. This ratio reflects the company's ability to generate sales from all its assets, including both fixed and current assets. A higher total asset turnover ratio is generally preferable as it suggests that the company is effectively utilizing all its assets to generate sales.

Overall, both the fixed asset turnover and total asset turnover ratios for Visteon Corp. have been relatively strong and stable, indicating efficient asset utilization and effective management of the company's resources to generate sales.