Vishay Intertechnology Inc (VSH)

Short-term

Turnover ratios

The inventory turnover ratio for Vishay Intertechnology Inc has exhibited a declining trend from 4.26 on March 31, 2020, to 3.35 on December 31, 2024. This indicates that the company may be holding inventory for a longer period before selling it, potentially impacting its liquidity and cash flow.

The receivables turnover and payables turnover ratios are not available for analysis due to missing data. These ratios can provide insights into how efficiently the company is managing its receivables and payables, which are crucial for assessing its working capital management.

The working capital turnover ratio has shown fluctuations over the period, ranging from 2.05 on March 31, 2020, to 2.43 on December 31, 2024. This ratio reflects how effectively the company is utilizing its working capital to generate revenue. The upward trend in the later years suggests a potential improvement in the company's operating efficiency and ability to generate sales relative to its working capital.

Overall, while the inventory turnover ratio has been declining, the working capital turnover ratio indicates some positive signs in terms of operating efficiency. However, the lack of data for receivables and payables turnover ratios limits a comprehensive assessment of Vishay Intertechnology Inc's activity ratios.

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Average number of days

Based on the data provided for Vishay Intertechnology Inc, we can analyze the activity ratios as follows:

1. Days of Inventory on Hand (DOH):
- The trend in the DOH indicates the number of days the company's inventory remains on hand before being sold.
- The DOH for Vishay Intertechnology Inc has fluctuated over the periods analyzed, ranging from a low of 83.24 days to a high of 108.87 days.
- Generally, a decreasing trend in DOH is preferred as it suggests faster inventory turnover and potentially lower holding costs.
- However, an increasing trend, as seen in the most recent periods, may indicate inventory management challenges or slower sales.

2. Days of Sales Outstanding (DSO):
- Unfortunately, no data is available for DSO, which is used to assess how long it takes for a company to collect on its sales.
- DSO provides insights into the company's accounts receivable management efficiency and its ability to convert credit sales into cash.

3. Number of Days of Payables:
- Similarly, data for the number of days of payables, another key activity ratio, is unavailable.
- The number of days of payables reflects the average number of days it takes the company to pay its suppliers or trade payables.
- It is crucial to monitor this ratio to understand the company's liquidity position and relationship with suppliers.

In conclusion, the analysis of the activity ratios for Vishay Intertechnology Inc reveals fluctuations in the days of inventory on hand over the periods examined. However, without data on days of sales outstanding and number of days of payables, a comprehensive assessment of the company's efficiency in managing accounts receivable and payables is not possible. Monitoring these ratios over time can provide valuable insights into the company's operational efficiency and working capital management.

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Long-term

The fixed asset turnover ratio of Vishay Intertechnology Inc has shown some fluctuations over the years. It increased from 2.74 in March 2020 to a peak of 3.52 in September 30, 2022, indicating that the company generated $3.52 in revenue for every dollar invested in fixed assets. However, it decreased to 2.65 in September 30, 2023, before becoming unavailable for the later periods.

On the other hand, the total asset turnover ratio, representing how efficiently the company is utilizing all assets to generate sales, has generally been increasing over the years. It rose from 0.81 in March 2020 to 0.96 in September 30, 2022, before declining slightly to 0.71 in December 31, 2024.

Overall, the trend in the total asset turnover suggests that Vishay Intertechnology Inc has been improving its efficiency in generating revenue from all its assets, while the fixed asset turnover ratio showed more variability before data became unavailable for the latter periods.