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VSE (VSEC) Inventory Turnover : 0.42 (As of Dec. 2023)


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What is VSE Inventory Turnover?

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. VSE's Cost of Goods Sold for the three months ended in Dec. 2023 was $208.5 Mil. VSE's Average Total Inventories for the quarter that ended in Dec. 2023 was $497.6 Mil. VSE's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VSE's Days Inventory for the three months ended in Dec. 2023 was 217.77.

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. VSE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.11.


VSE Inventory Turnover Historical Data

The historical data trend for VSE'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.

VSE Inventory Turnover Chart

VSE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 2.56 1.67 1.74 1.74

VSE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.59 0.43 0.44 0.42

VSE Inventory Turnover Calculation

VSE'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 )
=764.873 / ((380.438 + 500.864) / 2 )
=764.873 / 440.651
=1.74

VSE'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 )
=208.508 / ((494.368 + 500.864) / 2 )
=208.508 / 497.616
=0.42

* 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.


VSE  (NAS:VSEC) 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.

VSE'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
=497.616/208.508*365 / 4
=217.77

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.

VSE'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 )
=497.616 / 235.325
=2.11

* 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.


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.


VSE Inventory Turnover Related Terms

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


VSE (VSEC) Business Description

Traded in Other Exchanges
Address
6348 Walker Lane, Alexandria, VA, USA, 22310
VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. It also provide vehicle and equipment refurbishment, logistics, engineering support, data management and healthcare IT solutions, and clean energy consulting services. The company operating segments are Aviation, Fleet and Federal and Defense.
Executives
Edward P Dolanski director 5158 MOHAWK DRIVE, FRISCO TX 75034
John E Potter director 9009 FALLS CHAPEL WAY, POTOMAC MD 20854-2387
James F Lafond director 4401 GULF SHORE BLVD NORTH, UNIT 103, NAPLES FL 34103
Calvin Scott Koonce director 6229 EXECUTIVE BOULEVARD, ROCKVILLE MD 20852
Bonnie K Wachtel director 1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Ralph E Eberhart director 909 N. WASHINGTON STREET, ALEXANDRIA VA 22314
Ferguson Iii Mark E director 1444 CLONCURRY ROAD, NORFOLK VA 23505
Anita D Britt director 3000 NW 107TH AVENUE, MIAMI FL 33172
Lloyd Emerson Johnson director 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Benjamin E. Thomas officer: President, VSE Aviation, Inc. 3361 ENTERPRISE WAY, MIRAMAR FL 33025
Stephen D. Griffin officer: Sr. VP and CFO 6348 WALKER LANE, ALEXANDRIA VA 22310
Farinaz S Tehrani officer: Chief Legal Officer 180 EAST BROAD STREET, COLUMBUS OH 43215
Moore Robert Andrew Iii officer: President, Federal & Defense 6348 WALKER LANE, ALEXANDRIA VA 22310
John A Cuomo director, officer: CEO and President 6348 WALKER LANE, ALEXANDRIA VA 22310
Chad Wheeler officer: President, Wheeler Fleet 384 DRUM AVENUE, SOMERSET PA 15501