Vontier Corp (VNT)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 769,300 | 2,568,600 | 2,587,700 | 2,589,200 | 2,557,600 | 2,468,500 | 2,435,600 | 2,401,300 | 2,363,800 | |||
| Inventory | US$ in thousands | 296,600 | 314,300 | 329,200 | 350,800 | 346,000 | 377,500 | 326,400 | 325,400 | 287,000 | 263,800 | 250,300 | 242,700 |
| Inventory turnover | 2.59 | 8.17 | 7.86 | 7.38 | 7.39 | 6.54 | 7.46 | 7.38 | 8.24 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $769,300K ÷ $296,600K
= 2.59
The inventory turnover ratio for Vontier Corporation has shown relatively consistent performance over the past eight quarters. The ratio has ranged between 4.51 and 5.61 during this period, indicating that the company has managed its inventory efficiently. A higher inventory turnover ratio suggests that the company is selling its inventory quickly, which is a positive sign of operational efficiency.
On average, Vontier Corporation's inventory turnover ratio has been around 5.18 over the past eight quarters. This indicates that, on average, the company has been able to turn its inventory over approximately 5.18 times each year. This consistent performance suggests effective inventory management practices, such as accurate demand forecasting and efficient supply chain management.
Overall, the trend in Vontier Corporation's inventory turnover ratio indicates that the company has been effectively managing its inventory levels and turning over its goods efficiently to meet customer demand. This is a positive indicator of the company's operational efficiency and effectiveness in controlling inventory-related costs.
Peer comparison
Dec 31, 2023
Dec 31, 2023