National Vision Holdings Inc (EYE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,823,320 | 2,126,470 | 2,005,400 | 2,079,520 | 1,711,760 |
| Property, plant and equipment | US$ in thousands | — | — | 742,600 | 701,336 | 681,434 |
| Fixed asset turnover | — | — | 2.70 | 2.97 | 2.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,823,320K ÷ $—K
= —
National Vision Holdings Inc's fixed asset turnover ratio has shown fluctuations over the past few years.
In December 31, 2020, the fixed asset turnover ratio was 2.51. This indicates that for every dollar of fixed assets, the company generated $2.51 in revenue during that year.
By December 31, 2021, the fixed asset turnover ratio increased to 2.97, suggesting that the company was able to generate more revenue per dollar of fixed assets, which is a positive sign of efficiency.
However, in December 31, 2022, the ratio dropped to 2.70, implying a slight decrease in the company's ability to utilize its fixed assets effectively to generate revenue.
Unfortunately, the data for December 31, 2023, and December 31, 2024 are not available, so we are unable to assess the trend in fixed asset turnover for those years.
Overall, a higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate revenue. National Vision Holdings Inc should continue to monitor and improve this ratio to ensure optimal utilization of its fixed assets.
Peer comparison
Dec 31, 2024