National Vision Holdings Inc (EYE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.14 | 8.35 | 7.52 | 7.32 | 7.07 | |
| DOH | days | 44.87 | 43.73 | 48.57 | 49.89 | 51.63 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.14
= 44.87
The days of inventory on hand (DOH) for National Vision Holdings Inc decreased from 51.63 days as of December 31, 2020, to 49.89 days as of December 31, 2021. This trend continued as the DOH further dropped to 48.57 days by December 31, 2022. Subsequently, as of December 31, 2023, the DOH decreased significantly to 43.73 days, indicating faster inventory turnover. However, by December 31, 2024, the DOH slightly increased to 44.87 days. Overall, the decreasing trend in days of inventory on hand suggests that National Vision Holdings Inc has been managing its inventory more efficiently over the years, resulting in a shorter period for which inventory is held before being sold.
Peer comparison
Dec 31, 2024