V2X (VVX) Inventory Turnover : 20.06 (As of Dec. 2023)

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What is V2X 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. V2X's Cost of Goods Sold for the three months ended in Dec. 2023 was $942 Mil. V2X's Average Total Inventories for the quarter that ended in Dec. 2023 was $47 Mil. V2X's Inventory Turnover for the quarter that ended in Dec. 2023 was 20.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V2X's Days Inventory for the three months ended in Dec. 2023 was 4.55.

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. V2X's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

V2X Inventory Turnover Historical Data

The historical data trend for V2X'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.

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V2X Inventory Turnover Chart

V2X Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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57.72

78.91

V2X 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															19.17	19.23	-	-	20.06

V2X Inventory Turnover Calculation

V2X'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 )
=	3628.271	/ (	(44.974	+	46.981)	/	2 )
=	3628.271	/	45.9775
=	78.91

V2X'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 )
=	942.361	/ (	(0	+	46.981)	/	1 )
=	942.361	/	46.981
=	20.06

V2X (NYSE:VVX) 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.

V2X'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
	=	46.981	/	942.361	*	365 / 4
	=	4.55

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.

V2X'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 )
	=	46.981	/	1040.307
	=	0.05

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.

V2X Inventory Turnover Related Terms

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V2X (VVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » V2X Inc (NYSE:VVX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1V1:Germany

Address

7901 Jones Branch Drive, Suite 700, McLean, VA, USA, 22102

Website

https://www.gov2x.com

V2X Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offers facility and logistics services and information technology mission support and engineering and digital integration services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, and others.

Executives

William Boyd Noon	officer: CVP, Chief Accounting Officer	150 FIELD DRIVE, SUITE 250, LAKE FOREST IL 60045
Kevin T Boyle	officer: SVP, CLO & General Counsel	2424 GARDEN OF THE GODS ROAD, COLORADO SPRINGS CO 80919
Michael James Smith	officer: See Remarks	C/O VECTRUS, INC., 2424 GARDEN OF THE GODS ROAD, SUITE 300, COLORADO SPRINGS CO 80919
Shawn Mural	officer: Senior Vice President and CFO	15197 CARVER COURT, WATERFORD VA 20197
Josephine F. Bjornson	officer: Chief Human Resources Officer	7901 JONES BRANCH DRIVE, SUITE 700, MCLEAN VA 22102
Abbas Elegba	director	7901 JONES BRANCH DRIVE, SUITE 700, MCLEAN VA 22102
Dino M Cusumano	director	C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Aipcf Vi Vertex Aerospace Funding Lp	10 percent owner	C/O AIP 450 LEXINGTON AVENUE, 40TH FLOOR, NEW YORK NY 10017
Aipcf Vi, Llc	10 percent owner	450 LEXINGTON AVENUE, 40TH FLOOR, NEW YORK NY 10017
Lightship Capital Llc	10 percent owner	330 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10017
Stephen L Waechter	director	1100 N GLEBE ROAD, ARLINGTON VA 22201
Eric M Pillmore	director	C/O TYCO INTERNATIONAL (US) INC, 9 WEST 57TH ST 43RD FL., NEW YORK NY 10019
Joel M. Rotroff	director	C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202
Neil Snyder	director	C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, SUITE 500, MILWAUKEE WI 53202
American Industrial Partners Capital Fund Vi, L.p.	10 percent owner	330 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10017