NCR Voyix Corporation (VYX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.80 | 11.29 | 7.75 | 6.98 | 7.79 | |
| DOH | days | 33.79 | 32.33 | 47.07 | 52.29 | 46.84 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.80
= 33.79
The days of inventory on hand (DOH) for NCR Voyix Corporation has fluctuated over the past five years. In December 2020, the DOH was 46.84 days, indicating that on average, the company held inventory for approximately 46.84 days before selling it.
By December 2021, the DOH had increased to 52.29 days, suggesting that the company was taking longer to turn its inventory into sales. This could potentially indicate inefficiencies in managing inventory levels or slowing sales.
However, the DOH decreased in the following years, reaching 47.07 days by December 2022, 32.33 days by December 2023, and 33.79 days by December 2024. The decreasing trend in DOH from 2022 to 2024 may suggest that the company improved its inventory management practices, leading to faster inventory turnover and potentially lower carrying costs.
Overall, monitoring the DOH can provide insights into the efficiency of NCR Voyix Corporation's inventory management and operations over time.