NCR Voyix Corporation (VYX)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 934,000 | 1,417,000 | 1,357,000 | 1,337,000 | 1,352,000 | 1,433,000 | 1,468,000 | 1,496,000 | 1,422,000 | 2,332,000 | 3,143,000 | 3,866,000 | 4,683,000 | 4,734,000 | 4,848,000 | 4,975,000 | 4,994,000 | 4,999,000 | 4,863,000 | 4,758,000 |
| Inventory | US$ in thousands | 254,000 | 725,000 | 709,000 | 792,000 | 357,000 | 827,000 | 858,000 | 805,000 | 754,000 | 747,000 | 695,000 | 634,000 | 601,000 | 748,000 | 782,000 | 747,000 | 784,000 | 865,000 | 868,000 | 874,000 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $934,000K ÷ $254,000K
= 3.68
The inventory turnover for NCR Voyix Corporation has displayed fluctuations over the past few quarters. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory during a specific period.
Looking at the data from the table, the inventory turnover ranged from a low of 1.69 to a high of 7.79. A higher inventory turnover ratio is generally preferred as it suggests that the company is efficiently managing its inventory by selling products quickly and restocking at a faster rate.
In the most recent quarter, the inventory turnover was 3.68, indicating that the company sold and replaced its inventory approximately 3.68 times during the period. Compared to the previous quarters, this figure is higher than some but lower than the peak ratio observed in Q4 2020.
It is essential for the company to ensure that inventory turnover remains at an optimal level to prevent overstocking or stockouts, which can impact profitability and working capital. Analyzing the inventory turnover trend over time can provide insights into the company's sales efficiency and inventory management practices.