National Vision Holdings Inc (EYE)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 24.50 | 25.12 | 37.35 | 28.67 | 37.74 | |
| DSO | days | 14.90 | 14.53 | 9.77 | 12.73 | 9.67 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 24.50
= 14.90
The days of sales outstanding (DSO) for National Vision Holdings Inc have shown fluctuations over the past five years. In 2023, the DSO increased to 14.90 days compared to 14.53 days in 2022. This suggests that, on average, it took the company 14.90 days to collect its accounts receivable in 2023, a slight increase from the previous year.
Comparing 2023 to earlier years, the DSO was significantly higher than in 2021 when it was 9.77 days and 2019 when it was 9.67 days. This indicates a lengthening in the time taken by the company to collect its receivables in recent years.
However, it should be noted that the DSO in 2020 was higher at 12.73 days compared to both 2023 and 2022, suggesting some improvement in receivables collection efficiency in the most recent year.
Overall, National Vision Holdings Inc's DSO trend indicates some variability in its accounts receivable management over the years, with the company experiencing fluctuations in the time taken to collect sales proceeds.
Peer comparison
Dec 31, 2023