NCR Voyix Corporation (VYX)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.68 | 1.95 | 1.91 | 1.69 | 3.79 | 1.73 | 1.71 | 1.86 | 1.89 | 3.12 | 4.52 | 6.10 | 7.79 | 6.33 | 6.20 | 6.66 | 6.37 | 5.78 | 5.60 | 5.44 | |
| DOH | days | 99.26 | 186.75 | 190.70 | 216.22 | 96.38 | 210.65 | 213.33 | 196.41 | 193.54 | 116.92 | 80.71 | 59.86 | 46.84 | 57.67 | 58.88 | 54.81 | 57.30 | 63.16 | 65.15 | 67.05 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.68
= 99.26
The days of inventory on hand (DOH) for NCR Voyix Corporation have shown fluctuations over the past few years. The trend indicates that the company has experienced variations in managing its inventory levels.
The DOH was relatively high in September 2023 (186.75 days) and June 2023 (190.70 days), suggesting that the company held inventory for an extended period, which could potentially tie up working capital and lead to higher carrying costs. Conversely, in March 2021 (46.84 days) and June 2021 (59.86 days), the DOH was significantly lower, indicating more efficient inventory management during those periods.
Overall, the company has demonstrated improvements in inventory management efficiency compared to the previous year as seen in the decreasing trend over time. However, it is important for NCR Voyix Corporation to monitor and optimize its inventory levels consistently to ensure effective working capital management and minimize carrying costs.