VFS (VinFast Auto) Inventory Turnover : 0.50 (As of Sep. 2024)

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What is VinFast Auto 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. VinFast Auto's Cost of Goods Sold for the three months ended in Sep. 2024 was $593 Mil. VinFast Auto's Average Total Inventories for the quarter that ended in Sep. 2024 was $1,187 Mil. VinFast Auto's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VinFast Auto's Days Inventory for the three months ended in Sep. 2024 was 182.59.

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. VinFast Auto's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.48.

VinFast Auto Inventory Turnover Historical Data

The historical data trend for VinFast Auto'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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VinFast Auto Inventory Turnover Chart

VinFast Auto Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.81

4.20

1.93

1.62

VinFast Auto Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								0.43	0.52	0.37	0.50	0.50

VinFast Auto Inventory Turnover Calculation

VinFast Auto'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 )
=	1600.853	/ (	(838.873	+	1139.166)	/	2 )
=	1600.853	/	989.0195
=	1.62

VinFast Auto's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	593.397	/ (	(1150.862	+	1223.879)	/	2 )
=	593.397	/	1187.3705
=	0.50

VinFast Auto (NAS:VFS) 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.

VinFast Auto's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1187.3705	/	593.397	*	365 / 4
	=	182.59

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.

VinFast Auto's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1187.3705	/	478.561
	=	2.48

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.

VinFast Auto Inventory Turnover Related Terms

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VinFast Auto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VinFast Auto Ltd (NAS:VFS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0TL:Germany

Address

Dinh Vu – Cat Hai Economic Zone, Cat Hai Islands, Cat Hai Town, Cat Hai District, Hai Phong, VNM

Website

https://www.vinfastauto.us

VinFast Auto Ltd manufactures cars, and motor vehicles, renders leasing activities, trades smartphones, and related businesses. The company is engaged in designing and manufacturing premium EVs, e-scooters, and e-buses. The company's initial EV product line is an all-new range of fully electric A- through E-segment SUVs. The Company has three reportable segments, namely Automobiles, E-scooter, Spare parts & Aftermarket services. The Automobiles segment includes the design, development, manufacturing, and sales of cars and electric buses; The E-scooter segment includes the design, development, manufacturing, and sales of e-scooters; the Spare parts & Aftermarket services segment includes the sales of spare parts and rendering of aftermarket services for automobiles and e-scooters.