Vector Group (Vector Group) Inventory Turnover

: 2.63 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Vector Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $238 Mil. Vector Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $91 Mil. Vector Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vector Group's Days Inventory for the three months ended in Dec. 2023 was 34.68.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Vector Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Vector Group Inventory Turnover Historical Data

The historical data trend for Vector Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vector Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

8.17

8.35

8.01

10.68

10.47

Vector Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																2.77	2.41	2.50	2.61	2.63

Vector Group Inventory Turnover Calculation

Vector Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	965.348	/ (	(92.448	+	91.959)	/	2 )
=	965.348	/	92.2035
=	10.47

Vector Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	238.398	/ (	(89.264	+	91.959)	/	2 )
=	238.398	/	90.6115
=	2.63

Vector Group (NYSE:VGR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Vector Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	90.6115	/	238.398	*	365 / 4
	=	34.68

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Vector Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	90.6115	/	360.35
	=	0.25

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Vector Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Vector Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vector Group (Vector Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Vector Group Ltd (NYSE:VGR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

VGR:Germany

Address

4400 Biscayne Boulevard, 10th Floor, Miami, FL, USA, 33137

Website

https://www.vectorgroupltd.com

Vector Group Ltd is a holding company whose subsidiaries--Liggett Group, Vector Tobacco, and New Valley-- primarily sell tobacco products and invest in real estate. The Liggett Group and Vector Tobacco subsidiaries sell cigarettes, primarily in the discount segment, in the United States under brand names Eagle 20's, Pyramid, Grand Prix, Liggett Select, and Eve. New Valley, through its majority ownership in Douglas Elliman Realty, invests in real estate worldwide. It also operates the largest residential brokerage company in the New York City area and has additional operations in South Florida, Beverly Hills, Aspen, and Connecticut. Tobacco accounts for more than half of total company revenue; real estate makes up the remainder.

Executives

Bennett S Lebow	director	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Kirkland J Bryant Iii	officer: VP, Treasurer & CFO	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen	officer: EVP	4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Ronald J Bernstein	director, officer: President Subsidiary	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Paul V Carlucci	director	4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Wilson White	director	C/O VECTOR GROUP LTD, 4400 BISCAYNE BLVD; 10TH FLOOR, MIAMI FL 33137
James D Ballard	officer: See Remarks	4400 BISCAYNE BLVD., TENTH FLOOR, MIAMI FL 33137
Nicholas P Anson	officer: President Subsidiary	C/0 LIGGETT VECTOR BRANDS LLC, 3800 PARAMOUNT PARKWAY, MORRISVILLE NC 27560
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Howard M Lorber	director, officer: President and CEO	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Barry Watkins	director	4400 BISCAYNE BLVD, C/O VECTOR GROUP LTD., MIAMI FL 33137
Jeffrey Podell	director	7338 FLORANADA WAY, DELRAY BEACH FL 33446
Henry C Beinstein	director	8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Stanley Samuel Arkin	director	750 LEXINGTON AVENUE, FLOOR 25, NEW YORK NY 10022
Jean E Sharpe	director