NCR Voyix Corporation (VYX)

Short-term

Turnover ratios

Based on the provided data, here is a detailed analysis of NCR Voyix Corporation's activity ratios:

1. Inventory Turnover
- The inventory turnover ratio measures how efficiently a company manages its inventory by calculating how many times during a period the inventory is sold and replaced.
- NCR Voyix Corporation's inventory turnover has shown a varying trend over the years, declining slightly from 7.79 in 2020 to 6.98 in 2021, then increasing to 7.75 in 2022, significantly jumping to 11.29 in 2023, and finally dropping to 10.80 in 2024.
- The considerable increase in 2023 indicates that the company was able to sell and replace its inventory at a much faster rate, possibly due to improved inventory management practices or increased demand for its products.

2. Receivables Turnover
- Receivables turnover ratio measures how effectively a company is managing its accounts receivable by calculating how many times the receivables are collected and replaced during a period.
- NCR Voyix Corporation's data shows that the receivables turnover ratio is not provided for any of the years, indicating that the company's management of accounts receivable is not quantified or provided in the dataset.

3. Payables Turnover
- The payables turnover ratio assesses how efficiently a company is managing its accounts payable by determining how many times during a period the company pays off its suppliers.
- Similar to the receivables turnover, the data shows that the payables turnover ratio is not provided for any of the years, indicating the absence of information regarding the management of accounts payable.

4. Working Capital Turnover
- The working capital turnover ratio measures the efficiency of a company in using its working capital to generate sales revenue.
- NCR Voyix Corporation's working capital turnover ratio has seen fluctuations over the years, with a significant increase from 15.92 in 2020 to 105.24 in 2021, followed by a decrease to 21.26 in 2022, and no data available for 2023, with a subsequent drop to 11.26 in 2024.
- The fluctuating trend suggests varying levels of efficiency in utilizing working capital to generate sales revenue, with 2021 showing exceptionally high efficiency followed by a decline in subsequent years.

In conclusion, NCR Voyix Corporation's activity ratios provide insights into the company's efficiency in managing inventory and working capital, although data on receivables and payables turnover ratios is not available for further analysis.

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Average number of days

The activity ratios of NCR Voyix Corporation provide insights into the efficiency of the company's operations.

1. Days of Inventory on Hand (DOH):
- The days of inventory on hand have fluctuated over the years, from 46.84 days on December 31, 2020, to 33.79 days on December 31, 2024.
- A lower DOH indicates that the company is selling inventory more quickly or managing its inventory levels efficiently.

2. Days of Sales Outstanding (DSO):
- Data for days of sales outstanding is not available for the years provided. DSO is a measure of how quickly a company collects payments from its customers and can indicate the effectiveness of the company's credit and collection policies.

3. Number of Days of Payables:
- Data for the number of days of payables is not available for the years provided. This ratio measures how long a company takes to pay its suppliers and can provide insights into the company's working capital management and relationships with suppliers.

In conclusion, based on the available data, NCR Voyix Corporation has shown improvements in managing its inventory levels efficiently, but further information is needed to evaluate the company's accounts receivable and accounts payable management.

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Long-term

NCR Voyix Corporation's Fixed Asset Turnover ratio has shown fluctuation over the years. In 2020, the ratio was 8.66, indicating that the company generated $8.66 in sales for every dollar invested in fixed assets. However, this ratio decreased to 6.38 in 2021 and then increased to 7.59 in 2022, reflecting variations in the efficiency of utilizing fixed assets to generate revenue.

On the other hand, the Total Asset Turnover ratio depicts how well the company is utilizing all its assets to generate sales. The trend for NCR Voyix Corporation shows a decline from 0.74 in 2020 to 0.61 in 2021, suggesting a decrease in sales generated per dollar of total assets. The ratio then increased to 0.68 in 2022, followed by a further increase to 0.77 in 2023, indicating improved asset utilization efficiency. In 2024, the total asset turnover ratio decreased again to 0.63.

Overall, the company's long-term activity ratios suggest fluctuations in asset utilization efficiency, both for fixed assets and total assets, which may require further evaluation to understand the underlying reasons for these changes and their impact on the company's operational performance.