National Vision Holdings Inc (EYE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,883,049 | 1,952,174 | 2,033,015 | 2,106,622 | 2,126,468 | 2,088,996 | 2,055,847 | 2,040,062 | 2,005,404 | 2,014,324 | 2,033,122 | 2,073,056 | 2,079,525 | 2,098,370 | 2,065,718 | 1,776,236 | 1,711,760 | 1,616,827 | 1,563,376 | 1,732,820 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 765,802 | — | 742,600 | 738,267 | 722,961 | 712,320 | 701,336 | 678,161 | 679,212 | 679,794 | 681,434 | 666,216 | 681,648 | 693,498 |
| Fixed asset turnover | — | — | — | — | — | — | 2.68 | — | 2.70 | 2.73 | 2.81 | 2.91 | 2.97 | 3.09 | 3.04 | 2.61 | 2.51 | 2.43 | 2.29 | 2.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,883,049K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. National Vision Holdings Inc's fixed asset turnover ratio has shown some fluctuations over the past few years.
From March 2020 to June 2021, the fixed asset turnover ratio increased steadily from 2.50 to 3.04, indicating that the company was making more revenue per dollar invested in fixed assets. This could suggest improved operational efficiency or revenue growth relative to its fixed asset base.
However, from September 2021 to June 2022, the ratio started declining, reaching 2.81. This could imply that the company's ability to generate revenue from its fixed assets decreased during this period.
Subsequently, from September 2022 to June 2024, the fixed asset turnover ratio has been relatively stable within the range of 2.70 to 2.73. This stability may suggest a consistent level of efficiency in utilizing fixed assets to generate revenue.
Overall, National Vision Holdings Inc's fixed asset turnover ratio has shown both periods of improvement and decline, highlighting the importance of monitoring this ratio to assess the company's efficiency in managing its fixed assets over time.
Peer comparison
Dec 31, 2024