VIZIO Holding (VIZIO Holding) Inventory Turnover : 16.84 (As of Mar. 2024)

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What is VIZIO Holding 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. VIZIO Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $273 Mil. VIZIO Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was $16 Mil. VIZIO Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 16.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VIZIO Holding's Days Inventory for the three months ended in Mar. 2024 was 5.42.

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. VIZIO Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

VIZIO Holding Inventory Turnover Historical Data

The historical data trend for VIZIO Holding'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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VIZIO Holding Inventory Turnover Chart

VIZIO Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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126.14

147.03

160.51

113.16

118.72

VIZIO Holding Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														19.20	28.81	26.17	33.16	16.84

VIZIO Holding Inventory Turnover Calculation

VIZIO Holding'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 )
=	1323.7	/ (	(15.5	+	6.8)	/	2 )
=	1323.7	/	11.15
=	118.72

VIZIO Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	272.8	/ (	(6.8	+	25.6)	/	2 )
=	272.8	/	16.2
=	16.84

VIZIO Holding (NYSE:VZIO) 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.

VIZIO Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	16.2	/	272.8	*	365 / 4
	=	5.42

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.

VIZIO Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	16.2	/	353.9
	=	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.

VIZIO Holding Inventory Turnover Related Terms

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VIZIO Holding (VIZIO Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VIZIO Holding Corp (NYSE:VZIO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

7UF:Germany

Address

39 Tesla, Irvine, CA, USA, 92618

Website

https://www.vizio.com

VIZIO Holding Corp operates two distinct integrated businesses: Device and Platform+. Through Device business, it offers a range of high-performance Smart TVs designed to address specific consumer preferences, as well as a portfolio of soundbars that deliver immersive audio experiences. It generates revenue from the shipment of these devices to retailers and distributors across the United States, as well as directly to consumers through the website. The Platform+ business includes the Smart TV operating system, SmartCast, which delivers a vast amount of content and applications through an easy-to-use interface.

Executives

Michael Joseph O'donnell	officer: See Remarks	C/O VIZIO HOLDING CORP., 39 TESLA, IRVINE CA 92618
Adam R. Townsend	officer: Chief Financial Officer	C/O VIZIO HOLDING CORP., 39 TESLA, IRVINE CA 92618
Rajendra M Mohan	director	1600 HARBOR BAY PARKWAY STE 200, C/O GOOD GUYS INC, ALAMEDA CA 94502
Amtran Technology Co. Ltd.	10 percent owner	17F, NO. 268, LIAN CHEN RD., JHONGHE DISTRICT, NEW TAIPEI CITY F5 235
Julia S Gouw	director	415 HUNTINGTON DRIVE, SAN MARINO CA 91108
Ben Bun Wong	officer: President and COO	C/O VIZIO HOLDINGS, INC., 39 TESLA, IRVINE CA 92618
William Wei Wang	director, 10 percent owner, officer: Chief Executive Officer	C/O VIZIO HOLDINGS, INC., 39 TESLA, IRVINE CA 92618
V-tw Holdings, Llc	10 percent owner	801 RIVER DRIVE, PO BOX 1397, NORTH SIOUX CITY SD 57049
David Eugene Russell	director	C/O VIZIO HOLDING CORP., 39 TESLA, IRVINE CA 92618
William T Baxter	officer: Chief Technology Officer	C/O BSQUARE CORP, 3150 139TH AVENUE SE STE 500, BELLEVUE WA 98005
Vicky Free	director	485 SPRINGFIELD AVENUE #8, SUMMIT NJ 07901
Theodore W Waitt	10 percent owner	801 RIVER DRIVE, NORTH SIOUX CITY SD 57049
Avalon Capital Group Ii, Llc	10 percent owner	801 RIVER DRIVE, PO BOX 1397, NORTH SIOUX CITY SD 57049
Q-run Holdings Ltd	10 percent owner	NO.66-1,ZHONGSHAN ROAD,TUCHENG DISTRICT, NEW TAIPEI F5 236401
Foxconn Assembly Holding Corp	10 percent owner	NO.2, ZIYOU STREET, TUCHENG DISTRICT, NEW TAIPEI CITY F5 236401