Veeco Instruments (FRA:VEO) Inventory Turnover: 0.37 (As of Mar. 2026)

What is Veeco Instruments Inventory Turnover?

Veeco Instruments FRA:VEO -16.79% 56 Inventory Turnover is 0.37 as of Mar. 2026. GuruFocus rates FRA:VEO with a GF Score™ of 56/100 and a GF Value™ of €26.64 (Significantly Overvalued). The stock has 5 warning signs investors should review.

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. Veeco Instruments's Cost of Goods Sold for the three months ended in Mar. 2026 was €88.7 Mil. Veeco Instruments's Average Total Inventories for the quarter that ended in Mar. 2026 was €239.6 Mil. Veeco Instruments's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Veeco Instruments's Days Inventory for the three months ended in Mar. 2026 was 246.58.

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. Veeco Instruments's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.75.

Veeco Instruments (FRA:VEO) 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.

Veeco Instruments's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	239.617	/	88.674	*	365 / 4
	=	246.58

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.

Veeco Instruments's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	239.617	/	136.965
	=	1.75

* 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.

Veeco Instruments Inventory Turnover Related Terms

Veeco Instruments Inventory Turnover Historical Data

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The historical data trend for Veeco Instruments's Inventory Turnover can be seen below:

Veeco Instruments Inventory Turnover Chart

Veeco Instruments Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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2.23

2.09

1.69

1.74

1.45

Veeco Instruments Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.37	0.37	0.39	0.37

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Veeco Instruments Inc FRA:VEO

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Veeco Instruments Inventory Turnover Calculation

Veeco Instruments's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	340.648	/ (	(235.632	+	235.104)	/	2 )
=	340.648	/	235.368
=	1.45

Veeco Instruments's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	88.674	/ (	(235.104	+	244.13)	/	2 )
=	88.674	/	239.617
=	0.37

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.37 mean?

Veeco Instruments (FRA:VEO) has a Inventory Turnover of 0.37 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Veeco Instruments and its competitors.

Is Veeco Instruments' Inventory Turnover too high?

Veeco Instruments' current Inventory Turnover is 0.37. Overall, Veeco Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Veeco Instruments' Inventory Turnover compare to IPGP and AXTI?

Veeco Instruments' Inventory Turnover of 0.37 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Semiconductors company?

A good Inventory Turnover depends on the Semiconductors industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Veeco Instruments and its competitors. Veeco Instruments's current Inventory Turnover is 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Veeco Instruments stock overvalued right now?

Based on GuruFocus' analysis, Veeco Instruments (FRA:VEO) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.64, compared to a current price of €50.94 — trading 91.2% above its estimated fair value. The current Inventory Turnover is 0.37. Veeco Instruments' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Veeco Instruments (FRA:VEO), the current Inventory Turnover is 0.37 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Veeco Instruments (FRA:VEO) Overvalued in 2026?

Based on GuruFocus' analysis, Veeco Instruments stock appears to be overvalued. The current stock price of €50.94 is trading 91.2% above its estimated GF Value™ of €26.64. GuruFocus considers Veeco Instruments to be Significantly Overvalued.

Key valuation signals for FRA:VEO:

Inventory Turnover: 0.37
GF Value™: €26.64 vs. price of €50.94 (91.2% above fair value)
GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the FRA:VEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Veeco Instruments Business Description

Industry Technology Semiconductors

Comparable Companies IPGP AXTI ACLS UCTT ICHR COHU AEHR AMBA KLIC PLAB XAMS:ASML AMAT LRCX KLAC TSE:8035 TSE:6857 SZSE:002371 TER SHSE:688012 XAMS:ASM

Other Exchanges VECO:USA VEO:Germany

Address Terminal Drive, Plainview, NY, USA, 11803

Website https://www.veeco.com

Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The maximum of the company's revenue is generated from sales to the Semiconductor Industry and within China.

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€50.94

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