Vishay Intertechnology Inc (VSH)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,427,552 | 2,449,158 | 2,468,408 | 2,436,060 | 2,438,412 | 2,445,350 | 2,398,017 | 2,385,576 | 2,352,574 | 2,254,354 | 2,154,878 | 2,016,077 | 1,919,995 | 1,879,315 | 1,869,114 | 1,928,706 | 1,997,105 | 2,079,091 | 2,145,517 | 2,168,670 |
| Inventory | US$ in thousands | 647,520 | 643,542 | 660,039 | 656,681 | 618,879 | 615,877 | 633,848 | 602,887 | 536,500 | 532,668 | 507,879 | 473,956 | 448,251 | 440,203 | 449,188 | 453,188 | 431,680 | 444,653 | 463,496 | 480,227 |
| Inventory turnover | 3.75 | 3.81 | 3.74 | 3.71 | 3.94 | 3.97 | 3.78 | 3.96 | 4.39 | 4.23 | 4.24 | 4.25 | 4.28 | 4.27 | 4.16 | 4.26 | 4.63 | 4.68 | 4.63 | 4.52 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,427,552K ÷ $647,520K
= 3.75
Vishay Intertechnology, Inc.'s inventory turnover has been relatively stable over the past eight quarters, ranging from 3.71 to 3.97. This indicates that the company is effectively managing its inventory levels and turning over its inventory multiple times throughout the year.
A high inventory turnover ratio signifies efficient inventory management, which can lead to lower holding costs and reduced risk of obsolete inventory. However, a declining ratio could indicate potential issues such as overstocking, slowing sales, or inadequate inventory controls.
Overall, Vishay Intertechnology, Inc.'s inventory turnover ratio has been within a consistent range, suggesting that the company has been able to efficiently manage its inventory levels to support its operations while avoiding excessive stockpiling. It is important for the company to continue monitoring this ratio closely to ensure optimal inventory management practices are maintained.
Peer comparison
Dec 31, 2023
Dec 31, 2023