VEON (VEON) Inventory Turnover: 4.95 (As of Mar. 2026)


VEON VEON Ltd VEON
76 GF Score
Price $53.02
GF Value $40.26
Valuation Significantly Overvalued
! 3 Warning Signs
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What is VEON Inventory Turnover?

VEON VEON +1.96% 76 Inventory Turnover is 4.95 as of Mar. 2026. GuruFocus rates VEON with a GF Score™ of 76/100 and a GF Value™ of $40.26 (Significantly Overvalued). The stock has 3 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. VEON's Cost of Goods Sold for the three months ended in Mar. 2026 was $151 Mil. VEON's Average Total Inventories for the quarter that ended in Mar. 2026 was $31 Mil. VEON's Inventory Turnover for the quarter that ended in Mar. 2026 was 4.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VEON's Days Inventory for the three months ended in Mar. 2026 was 18.43.

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. VEON's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.03.

VEON  (NAS:VEON) 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.

VEON'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
=30.5/151*365 / 4
=18.43

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.

VEON'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 )
=30.5 / 1201
=0.03

* 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.

VEON Inventory Turnover Related Terms

VEON Inventory Turnover Historical Data

* Premium members only.

The historical data trend for VEON'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.

VEON Inventory Turnover Chart

VEON Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.36 7.38 21.51 27.11 22.38

VEON Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.32 0.00 0.00 5.00 4.95
VEON
76GF Score
VEON Ltd VEON
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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VEON Inventory Turnover Calculation

VEON'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 )
=526 / ((15 + 32) / 2 )
=526 / 23.5
=22.38

VEON'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 )
=151 / ((32 + 29) / 2 )
=151 / 30.5
=4.95

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 4.95 mean?
VEON (VEON) has a Inventory Turnover of 4.95 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on VEON and its competitors.
Is VEON's Inventory Turnover too high?
VEON's current Inventory Turnover is 4.95. Overall, VEON has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VEON's Inventory Turnover compare to KYIV and LBTYA?
VEON's Inventory Turnover of 4.95 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Inventory Turnover depends on the Telecommunication Services 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 VEON and its competitors. VEON's current Inventory Turnover is 4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VEON stock overvalued right now?
Based on GuruFocus' analysis, VEON (VEON) is currently considered Significantly Overvalued. The stock's GF Value™ is $40.26, compared to a current price of $53.02 — trading 31.7% above its estimated fair value. The current Inventory Turnover is 4.95. VEON's overall GF Score™ is 76/100 with 3 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 VEON (VEON), the current Inventory Turnover is 4.95 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 VEON (VEON) Overvalued in 2026?

Based on GuruFocus' analysis, VEON stock appears to be overvalued. The current stock price of $53.02 is trading 31.7% above its estimated GF Value™ of $40.26. GuruFocus considers VEON to be Significantly Overvalued.

Key valuation signals for VEON:

  • Inventory Turnover: 4.95
  • GF Value™: $40.26 vs. price of $53.02 (31.7% above fair value)
  • GF Score™: 76/100 with 3 warning signs

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

VEON Business Description

Address Index Tower East Tower, Unit 1703, Dubai, ARE
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
76GF Score

Get the complete analysis for VEON

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$53.02
Price
$40.26
GF Value