NCR Voyix Corporation (VYX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,247,000 | 2,868,000 | 5,986,000 | 5,263,000 | 4,683,000 |
| Inventory | US$ in thousands | 208,000 | 254,000 | 772,000 | 754,000 | 601,000 |
| Inventory turnover | 10.80 | 11.29 | 7.75 | 6.98 | 7.79 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,247,000K ÷ $208,000K
= 10.80
NCR Voyix Corporation's inventory turnover has shown fluctuations over the past five years. Starting at 7.79 in December 2020, it decreased to 6.98 in December 2021 before recording an increase to 7.75 in December 2022. The following two years saw significant improvements as the inventory turnover rose to 11.29 in December 2023 and then slightly dipped to 10.80 in December 2024. Overall, the trend indicates that the company has been efficiently managing its inventory turnover, with a notable uptick in recent years, suggesting a more effective utilization of its inventory resources.