National Vision Holdings Inc (EYE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 18.13 | 15.81 | 15.42 | 14.61 | 12.91 | |
| DOH | days | 20.14 | 23.09 | 23.67 | 24.99 | 28.27 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.13
= 20.14
National Vision Holdings Inc's days of inventory on hand (DOH) has shown a decreasing trend over the past five years, indicating an improvement in its inventory management efficiency. The company's inventory turnover has been increasing, as evidenced by the declining DOH figures from 28.27 days in 2019 to 20.14 days in 2023.
This improvement suggests that National Vision Holdings Inc has been able to sell its inventory more quickly over the years, resulting in a shorter holding period. A lower DOH indicates that the company is efficiently managing its inventory levels, reducing the risk of obsolescence and minimizing carrying costs.
Overall, the decreasing trend in National Vision Holdings Inc's days of inventory on hand reflects positively on the company's operational efficiency and effectiveness in managing its inventory levels.
Peer comparison
Dec 31, 2023