National Vision Holdings Inc (EYE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 764,056 | 1,000,910 | 925,587 | 904,779 | 786,624 |
| Inventory | US$ in thousands | 93,918 | 119,908 | 123,158 | 123,669 | 111,274 |
| Inventory turnover | 8.14 | 8.35 | 7.52 | 7.32 | 7.07 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $764,056K ÷ $93,918K
= 8.14
National Vision Holdings Inc's inventory turnover has shown a consistent upward trend over the past five years, indicating efficient management of its inventory. The company's inventory turnover ratio increased from 7.07 in December 2020 to 8.14 in December 2024. This suggests that the company is selling through its inventory more quickly, which is a positive signal of strong sales and effective inventory management. The steady improvement in the inventory turnover ratio reflects the company's ability to effectively balance inventory levels with demand, minimizing excess inventory and potential obsolescence. Overall, National Vision Holdings Inc's increasing inventory turnover ratio indicates improved operational efficiency and a healthier financial position.
Peer comparison
Dec 31, 2024