NCR Voyix Corporation (VYX)

The days of inventory on hand (DOH) for NCR Voyix Corporation has fluctuated over the past five years, indicating varying levels of efficiency in managing inventory. In 2023, the company had an elevated DOH of 100.34 days, suggesting that it took approximately 100 days for NCR Voyix to sell or use its inventory on hand. This may indicate excess inventory levels or slower inventory turnover, potentially tying up working capital.

Comparing this to the previous year, where the DOH was 96.38 days, there seems to have been a slight increase in the amount of time it takes to convert inventory into sales. The significant increase in DOH from 2021 to 2022, where it more than doubled to 193.54 days, was concerning and may indicate issues such as overstocking or inefficient inventory management practices during that period.

In 2020 and 2019, the DOH figures were notably lower at 46.84 days and 57.30 days respectively, suggesting that the company had better control over its inventory levels and turnover during those years.

Overall, NCR Voyix Corporation should aim to strike a balance in managing its inventory levels to avoid tie-ups of cash flow and potential obsolescence, while ensuring products are readily available to meet customer demand efficiently.