National Vision Holdings Inc (EYE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.44 | 11.10 | 11.12 | 8.80 | 8.55 | 8.09 | 7.92 | 7.64 | 7.52 | 7.55 | 7.06 | 7.19 | 7.32 | 7.25 | 7.35 | 6.63 | 7.07 | 6.78 | 6.38 | 6.24 | |
| DOH | days | 38.68 | 32.88 | 32.82 | 41.48 | 42.70 | 45.09 | 46.11 | 47.78 | 48.57 | 48.36 | 51.67 | 50.76 | 49.89 | 50.35 | 49.68 | 55.03 | 51.63 | 53.81 | 57.25 | 58.52 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.44
= 38.68
National Vision Holdings Inc has shown a generally positive trend in its days of inventory on hand (DOH) ratio over the most recent quarters. The company's DOH decreased from 58.52 days as of March 31, 2020, to 38.68 days as of December 31, 2024. This decline indicates that National Vision Holdings has been more efficient in managing its inventory levels over this period.
Specifically, the company has been able to reduce the average number of days it holds inventory before selling it, which suggests improved inventory turnover and liquidity. A lower DOH ratio is generally favorable as it means the company is converting its inventory into sales more quickly.
It is worth noting that there was a significant decrease in DOH from June 30, 2024, to September 30, 2024, where the ratio dropped from 32.82 days to 32.88 days. This minor increase in DOH during that period could potentially be attributed to seasonal factors or supply chain disruptions.
Overall, the decreasing trend in National Vision Holdings Inc's DOH ratio indicates improved inventory management efficiency, potentially leading to better working capital management and overall financial performance.
Peer comparison
Dec 31, 2024