diff --git a/src/fn_hash.rs b/src/fn_hash.rs
index c503daf5..887ebceb 100644
--- a/src/fn_hash.rs
+++ b/src/fn_hash.rs
@@ -52,6 +52,33 @@ pub fn get_hasher() -> ahash::AHasher {
     Default::default()
 }
 
+/// Calculate a [`u64`] hash key from a namespace-qualified variable name.
+///
+/// Module names are passed in via `&str` references from an iterator.
+/// Parameter types are passed in via [`TypeId`] values from an iterator.
+///
+/// # Note
+///
+/// The first module name is skipped.  Hashing starts from the _second_ module in the chain.
+#[inline]
+#[must_use]
+pub fn calc_qualified_var_hash<'a>(
+    modules: impl Iterator<Item = &'a str>,
+    var_name: impl AsRef<str>,
+) -> u64 {
+    let s = &mut get_hasher();
+
+    // We always skip the first module
+    let mut len = 0;
+    modules
+        .inspect(|_| len += 1)
+        .skip(1)
+        .for_each(|m| m.hash(s));
+    len.hash(s);
+    var_name.as_ref().hash(s);
+    s.finish()
+}
+
 /// Calculate a [`u64`] hash key from a namespace-qualified function name
 /// and the number of parameters, but no parameter types.
 ///
diff --git a/src/lib.rs b/src/lib.rs
index 9bd8e204..6d1a9aae 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -172,7 +172,8 @@ pub use fn_native::Shared;
 use fn_native::Locked;
 
 pub(crate) use fn_hash::{
-    calc_fn_hash, calc_fn_params_hash, calc_qualified_fn_hash, combine_hashes,
+    calc_fn_hash, calc_fn_params_hash, calc_qualified_fn_hash, calc_qualified_var_hash,
+    combine_hashes,
 };
 
 pub use rhai_codegen::*;
diff --git a/src/module/mod.rs b/src/module/mod.rs
index dbb5535b..19d674e5 100644
--- a/src/module/mod.rs
+++ b/src/module/mod.rs
@@ -447,7 +447,7 @@ impl Module {
         let value = Dynamic::from(value);
 
         if self.indexed {
-            let hash_var = crate::calc_qualified_fn_hash(once(""), &ident, 0);
+            let hash_var = crate::calc_qualified_var_hash(once(""), &ident);
             self.all_variables.insert(hash_var, value.clone());
         }
         self.variables.insert(ident, value);
@@ -1529,7 +1529,7 @@ impl Module {
 
             // Index all variables
             module.variables.iter().for_each(|(var_name, value)| {
-                let hash_var = crate::calc_qualified_fn_hash(path.iter().map(|&v| v), var_name, 0);
+                let hash_var = crate::calc_qualified_var_hash(path.iter().map(|&v| v), var_name);
                 variables.insert(hash_var, value.clone());
             });
 
diff --git a/src/parse.rs b/src/parse.rs
index 0de53e8c..33380e50 100644
--- a/src/parse.rs
+++ b/src/parse.rs
@@ -10,16 +10,15 @@ use crate::custom_syntax::{
 };
 use crate::dynamic::{AccessMode, Union};
 use crate::engine::{Precedence, KEYWORD_THIS, OP_CONTAINS};
+use crate::fn_hash::get_hasher;
 use crate::module::NamespaceRef;
 use crate::optimize::{optimize_into_ast, OptimizationLevel};
-
-use crate::fn_hash::get_hasher;
 use crate::token::{
     is_keyword_function, is_valid_identifier, Token, TokenStream, TokenizerControl,
 };
 use crate::{
-    calc_fn_hash, calc_qualified_fn_hash, Dynamic, Engine, Identifier, LexError, ParseError,
-    ParseErrorType, Position, Scope, Shared, StaticVec, AST,
+    calc_fn_hash, calc_qualified_fn_hash, calc_qualified_var_hash, Dynamic, Engine, Identifier,
+    LexError, ParseError, ParseErrorType, Position, Scope, Shared, StaticVec, AST,
 };
 #[cfg(feature = "no_std")]
 use std::prelude::v1::*;
@@ -1354,7 +1353,7 @@ fn parse_primary(
     }
     .map(|x| match x {
         (_, Some((namespace, hash)), name) => {
-            *hash = calc_qualified_fn_hash(namespace.iter().map(|v| v.name.as_str()), name, 0);
+            *hash = calc_qualified_var_hash(namespace.iter().map(|v| v.name.as_str()), name);
 
             #[cfg(not(feature = "no_module"))]
             namespace.set_index(state.find_module(&namespace[0].name));