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

Company name
Symbol
DOH
National Vision Holdings Inc
EYE
23.06
STAAR Surgical Company
STAA
367.60
The Cooper Companies Inc.
COO
91.42