What is Vontier's inventory turnover?

Vontier (VNT) reported inventory turnover of 5× in Q3 2023.

How has Vontier's inventory turnover changed year-over-year?

Vontier's inventory turnover decreased by 5.7% year-over-year, from 5.3× to 5×.

What is the long-term trend for Vontier's inventory turnover?

Over 2 years (2020 to 2022), Vontier's inventory turnover has grown at a -8.5% compound annual growth rate (CAGR), from 6.6× to 5.5×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Vontier VNT Inventory turnover

Inventory turnover at other companies

DoverDOV

3.5×0.0×

Franklin ElectricFELE

2.5×+0.1×

SamsaraIOT

9.1×0.0×

TE ConnectivityTEL

4.3×+0.4×

MSC Industrial Direct Co.MSM

3.4×+0.1×

PhiniaPHIN

5.8×+0.4×

Other financials

Income statement

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Revenue$750.6M+1.3%

Gross profit$352.3M+0.6%

Operating income$134.8M+3.6%

Net income$94.3M+7.3%

EPS (diluted)$0.66+11.9%

Balance sheet

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Cash & equivalents$233.8M-29.9%

Total debt$1.9B-9.5%

Total equity$1.3B+14.9%

Total assets$4.1B-3.8%

Cash flow

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Operating cash flow$46.5M-57.9%

CapEx$21.7M+22.6%

Free cash flow$24.8M-73.2%

Valuation

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Market cap$4.23B+2.8%

Profitability

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Gross margin45.5%+0.4pp

Operating margin18.4%+0.6pp

Net margin13.4%+0.8pp

FCF margin12.1%-0.3pp

Returns & leverage

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Return on equity35%-0.8pp

Debt / equity1.5×-0.4×

Current ratio1.2×-0.4×

Where this comes from

Calculated from Vontier’s reported figures.

total cost of revenue/inventories=5×

Based on trailing twelve months.

The official record: Vontier’s 10-Q, filed October 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vontier's inventory turnover?: Vontier (VNT) reported inventory turnover of 5× in Q3 2023.
How has Vontier's inventory turnover changed year-over-year?: Vontier's inventory turnover decreased by 5.7% year-over-year, from 5.3× to 5×.
What is the long-term trend for Vontier's inventory turnover?: Over 2 years (2020 to 2022), Vontier's inventory turnover has grown at a -8.5% compound annual growth rate (CAGR), from 6.6× to 5.5×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.