NCR Voyix Corporation (VYX)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.90 | 1.15 | 1.11 | 1.09 | 1.14 | 1.15 | 1.08 | 1.05 | 1.02 | 1.02 | 1.05 | 1.18 | 1.19 | 1.75 | 1.80 | 1.57 | 1.24 | 1.35 | 1.32 | 1.27 |
| Quick ratio | 0.56 | 0.61 | 0.58 | 0.55 | 0.59 | 0.56 | 0.52 | 0.52 | 0.50 | 0.49 | 0.58 | 0.69 | 0.70 | 1.25 | 1.28 | 1.07 | 0.79 | 0.80 | 0.77 | 0.73 |
| Cash ratio | 0.20 | 0.26 | 0.21 | 0.20 | 0.19 | 0.16 | 0.14 | 0.15 | 0.16 | 0.14 | 0.15 | 0.14 | 0.16 | 0.70 | 0.73 | 0.50 | 0.20 | 0.17 | 0.15 | 0.17 |
NCR Voyix Corporation's liquidity ratios paint a picture of the company's ability to meet short-term obligations. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, fluctuated over the past few quarters but has generally remained above 1, indicating a healthy liquidity position.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, also fluctuated but generally remained below 1, indicating that the company may have some difficulty meeting its short-term obligations without relying on inventory.
The cash ratio, which is the most conservative liquidity ratio as it only considers cash and cash equivalents, has also varied but generally remained low. This suggests that the company may have a limited ability to cover its current liabilities solely with cash on hand.
Overall, while the current ratio shows a relatively healthy liquidity position, the quick and cash ratios indicate that NCR Voyix Corporation may need to carefully manage its working capital and cash flow to ensure it can meet its short-term obligations effectively.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -71.44 | 21.34 | 14.70 | 5.00 | -11.68 | 39.31 | 28.36 | 29.02 | 30.43 | 49.53 | 67.34 | 64.42 | 63.27 | 76.04 | 76.17 | 68.60 | 74.55 | 84.21 | 86.55 | 82.45 |
The cash conversion cycle of NCR Voyix Corporation has shown fluctuations over the historical periods provided. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From December 2019 to March 2020, the company's cash conversion cycle increased steadily from 74.55 days to 76.17 days. This increase indicates a longer period for the company to convert its investments into cash. Subsequently, from June 2020 to September 2020, the cash conversion cycle continued to rise, peaking at 76.04 days.
However, there was a significant improvement in the cycle by the end of December 2020, turning negative and reaching -11.68 days. This indicates the company was able to convert its resources into cash faster than in the previous periods. The negative cash conversion cycle suggests that the company is converting its investments into cash at a faster rate than it takes to pay off its current liabilities, indicating efficient operations in terms of working capital management.
The trend continued to improve in the first quarter of 2021, with a reduced cash conversion cycle of 5.00 days. The efficiency in converting resources into cash further improved by June 2021, with the cycle decreasing to 14.70 days. The company maintained a relatively low cash conversion cycle in the subsequent quarters, signifying a consistent focus on working capital optimization.
By September 2023, the cash conversion cycle increased to 21.34 days but remained at a reasonable level. Analyzing the data overall, NCR Voyix Corporation has shown improvements in its cash conversion cycle, indicating enhanced efficiency in managing working capital and converting investments into cash flows in recent periods.