National Vision Holdings Inc (EYE)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 15.83 | 15.43 | 14.37 | 13.85 | 15.81 | 15.86 | 14.83 | 15.11 | 15.42 | 15.10 | 15.25 | 13.80 | 14.61 | 12.25 | 11.53 | 11.23 | 11.32 | 12.78 | 13.23 | 12.06 | |
| DOH | days | 23.06 | 23.66 | 25.40 | 26.36 | 23.09 | 23.02 | 24.61 | 24.16 | 23.67 | 24.18 | 23.94 | 26.45 | 24.99 | 29.79 | 31.67 | 32.50 | 32.24 | 28.56 | 27.60 | 30.28 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.83
= 23.06
Days of Inventory on Hand (DOH) is a crucial financial metric used to assess how efficiently a company manages its inventory. In the case of National Vision Holdings Inc, the trend in DOH over the past few quarters indicates fluctuations in the management of inventory levels.
From Dec 31, 2019, to Dec 31, 2023, we observed a general trend of decreasing DOH, suggesting that the company has been improving its inventory management efficiency. The lowest DOH was reported at 23.06 days on Dec 31, 2023, indicating that the company, on average, holds inventory for approximately 23 days before selling it.
However, there have been certain quarters where the DOH increased, like on Mar 31, 2021, Jun 30, 2021, and Mar 31, 2022, which could be a sign of potential issues in inventory management during those periods.
Overall, National Vision Holdings Inc seems to be making efforts to optimize its inventory levels to ensure that it neither overstocks nor understocks its inventory, which is essential for maintaining a healthy balance between liquidity and profitability.
Peer comparison
Dec 31, 2023