Veeco Instruments Inc (VECO)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.68 | 1.67 | 1.52 | 1.61 | 1.49 | 1.50 | 1.55 | 1.70 | 1.85 | 2.03 | 2.07 | 1.97 | 2.00 | 1.96 | 1.89 | 1.80 | 1.78 | 1.71 | 1.83 | 1.96 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.25 | 1.30 | 1.36 | 1.43 | 1.36 | 1.43 | 1.50 | 1.71 | 1.57 | 1.66 | 1.69 | 1.74 | 1.62 | 1.22 | 1.16 | 1.06 | 1.03 | 1.01 | 1.04 | 1.14 |
Veeco Instruments Inc's inventory turnover ratio has shown fluctuation over the past few years, ranging from 1.49 to 2.07. The average inventory turnover ratio for the period reflects a moderate level of efficiency in managing its inventory.
The lack of data for the receivables turnover and payables turnover ratios indicates that this information may not be as readily available or that the company may not be disclosing these metrics. As such, we are unable to evaluate the efficiency of Veeco's collection of receivables or payment of payables based on this information.
In terms of working capital turnover, Veeco's performance has gradually improved from 1.01 to 1.25 over the years, indicating a more effective utilization of working capital in generating sales. This suggests that the company has been able to generate more revenue per unit of working capital employed, which is a positive signal of operational efficiency.
Overall, while Veeco Instruments Inc shows reasonable efficiency in managing its inventory and working capital turnover, the lack of data on receivables and payables turnover limits a more comprehensive assessment of the company's overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 216.94 | 218.55 | 239.89 | 227.05 | 244.64 | 244.10 | 235.78 | 214.51 | 197.19 | 179.83 | 175.93 | 185.35 | 182.88 | 186.60 | 193.14 | 203.22 | 204.94 | 212.88 | 199.54 | 185.83 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Veeco Instruments Inc's Days of Inventory on Hand (DOH) measures how efficiently the company manages its inventory. Over the past few years, Veeco's DOH has shown some fluctuations. As of December 31, 2024, the company held inventory for approximately 216.94 days, which is lower than the figures for the previous two quarters. This decrease in inventory holding period could indicate improved inventory management or possibly changes in demand patterns.
The Days of Sales Outstanding (DSO) ratio, which reflects how long it takes for the company to collect its receivables, was not provided in the data for Veeco Instruments Inc. It is important to note that a lower DSO generally indicates more efficient collection practices.
The data does not include the Number of Days of Payables, which would have provided insights into how long Veeco takes to pay its suppliers. This ratio is key for understanding the company's relationship with its suppliers and its working capital management practices.
In conclusion, while the DOH ratio for Veeco has shown some fluctuations, additional data on DSO and payables would have provided a more comprehensive view of the company's overall efficiency in managing its working capital.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 5.72 | 5.68 | 6.02 | 5.95 | 4.74 | 5.82 | 4.54 | 6.07 | 4.83 | 5.10 | 6.96 | 6.51 | 6.15 | 5.87 |
| Total asset turnover | 0.57 | 0.56 | 0.57 | 0.56 | 0.54 | 0.52 | 0.52 | 0.55 | 0.57 | 0.65 | 0.68 | 0.66 | 0.65 | 0.57 | 0.54 | 0.51 | 0.51 | 0.48 | 0.49 | 0.51 |
Veeco Instruments Inc's fixed asset turnover ratio has exhibited fluctuations over the past few years, ranging from a low of 4.54 in December 2021 to a high of 6.96 in December 2020. This ratio measures the company's ability to generate sales from its investment in fixed assets, such as property, plant, and equipment.
On the other hand, the total asset turnover ratio, which indicates how efficiently the company is utilizing all its assets to generate revenue, has shown a more stable trend. It has ranged from 0.48 in September 2020 to 0.68 in June 2022. A higher total asset turnover ratio generally indicates better asset utilization.
Overall, the fixed asset turnover and total asset turnover ratios provide insights into Veeco Instruments Inc's operational efficiency and asset management capabilities over the years. It is essential for the company to maintain a balance between these ratios to ensure optimal utilization of assets and sustainable revenue generation.