NCR Voyix Corporation (VYX)

Short-term

Turnover ratios

NCR Voyix Corporation's activity ratios provide insights into how efficiently the company manages its resources related to inventory, receivables, payables, and working capital.

1. Inventory Turnover: The trend in inventory turnover ratio shows a relatively stable performance, ranging between 6.20 and 19.12 over the period. The ratio peaked at 19.12 on December 31, 2023, indicating a significant improvement in inventory management efficiency. However, it decreased to 10.80 by December 31, 2024, suggesting a potential slowdown in sales or inventory management issues.

2. Receivables Turnover: Unfortunately, we could not retrieve data for receivables turnover, making it challenging to assess how quickly the company collects its outstanding receivables from customers.

3. Payables Turnover: Similarly, there is no available data for payables turnover, which could have provided insights into how effectively the company manages its trade payables.

4. Working Capital Turnover: The working capital turnover ratio fluctuated significantly, indicating changes in the efficiency of utilizing working capital to generate sales. Notably, the ratio showed a remarkable improvement from 3.61 on June 30, 2020, to 153.48 on September 30, 2021, implying a substantial increase in sales generated from working capital. However, the ratio experienced fluctuations thereafter, dropping to 11.26 by December 31, 2024, suggesting a potential decrease in sales relative to the working capital employed.

In summary, the analysis of NCR Voyix Corporation's activity ratios highlights a mix of efficiency and challenges in managing inventory, receivables, payables, and working capital. To gain a more comprehensive understanding of the company's overall operational performance, further analysis and consideration of additional financial metrics are recommended.

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Average number of days

The Days of Inventory on Hand (DOH) for NCR Voyix Corporation fluctuated over the years, ranging from a high of 58.88 days in June 2020 to a low of 19.09 days in December 2023. Generally, a lower DOH indicates more efficient inventory management, as the company is able to sell its inventory quickly.

There is no data available for the Days of Sales Outstanding (DSO) and the Number of Days of Payables for NCR Voyix Corporation up to December 2024. DSO reflects the average number of days it takes for the company to collect revenue after a sale, while the Number of Days of Payables indicates the average number of days it takes to pay off its outstanding bills. These ratios can provide insights into the company's liquidity and ability to manage cash flow effectively.

Overall, the company's DOH shows varying inventory holding patterns over the years, and further analysis of the DSO and Payables ratios would provide a more comprehensive understanding of NCR Voyix Corporation's activity and efficiency in managing its working capital.

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Long-term

NCR Voyix Corporation's Fixed Asset Turnover ratio has shown an improving trend over the analysis period, starting at 7.89 in September 2022, slightly decreasing to 7.59 by December 2022, and then stabilizing around 7.6 from March 2023 to June 2023. This ratio indicates that the company generates around $7.6 in revenue for every dollar invested in fixed assets.

In comparison, the Total Asset Turnover ratio started at 0.72 in March 2020, gradually decreasing to 0.53 by June 2021, before showing some fluctuation between 0.58 and 0.69 until December 2023. Notably, there was a significant increase to 1.37 in December 2023, possibly indicating more efficient use of assets to generate sales. However, this increase was not sustained, as the ratio decreased to 0.63 by December 2024.

Overall, while the Fixed Asset Turnover ratio remained relatively stable and high, the Total Asset Turnover ratio showed more variability with a notable peak in December 2023. Further analysis and comparison with industry benchmarks may be necessary to understand the effectiveness and efficiency of NCR Voyix Corporation's long-term asset utilization.