National Vision Holdings Inc (EYE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,127,386 | 2,090,382 | 2,057,053 | 2,041,121 | 2,006,691 | 2,015,422 | 2,034,012 | 2,073,788 | 2,080,159 | 2,085,883 | 2,040,676 | 1,734,821 | 1,662,479 | 1,580,489 | 1,520,846 | 1,697,577 | 1,687,763 | 1,641,922 | 1,606,635 | 1,562,202 |
| Property, plant and equipment | US$ in thousands | 351,789 | 358,010 | 367,333 | 361,868 | 344,813 | 358,599 | 350,840 | 350,412 | 327,046 | 333,820 | 335,504 | 336,214 | 316,920 | 304,819 | 313,225 | 323,051 | 338,639 | 372,069 | 380,002 | 364,627 |
| Fixed asset turnover | 6.05 | 5.84 | 5.60 | 5.64 | 5.82 | 5.62 | 5.80 | 5.92 | 6.36 | 6.25 | 6.08 | 5.16 | 5.25 | 5.19 | 4.86 | 5.25 | 4.98 | 4.41 | 4.23 | 4.28 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,127,386K ÷ $351,789K
= 6.05
Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate sales. A higher fixed asset turnover ratio indicates better utilization of fixed assets. National Vision Holdings Inc's fixed asset turnover has been relatively stable over the past few quarters, ranging from 4.23 to 6.36.
The company has maintained a healthy level of fixed asset turnover, with the ratio consistently above 5. This suggests that National Vision Holdings Inc is effectively utilizing its fixed assets to generate revenue. However, there was a slight decrease in the ratio in the most recent quarter compared to the previous quarter.
Overall, the trend in National Vision Holdings Inc's fixed asset turnover ratio implies efficient management of fixed assets to generate sales, but it would be important to monitor any significant changes in the ratio to ensure continued effectiveness in asset utilization.
Peer comparison
Dec 31, 2023