National Vision Holdings Inc (EYE)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 886,195 | 972,290 | 1,011,697 | 1,043,264 | 1,025,013 | 976,100 | 956,874 | 943,602 | 925,587 | 921,089 | 914,747 | 916,126 | 904,779 | 903,575 | 887,926 | 792,760 | 786,624 | 757,685 | 751,378 | 813,104 |
| Inventory | US$ in thousands | 93,918 | 87,593 | 90,956 | 118,564 | 119,908 | 120,583 | 120,871 | 123,524 | 123,158 | 122,032 | 129,493 | 127,401 | 123,669 | 124,637 | 120,863 | 119,525 | 111,274 | 111,700 | 117,859 | 130,372 |
| Inventory turnover | 9.44 | 11.10 | 11.12 | 8.80 | 8.55 | 8.09 | 7.92 | 7.64 | 7.52 | 7.55 | 7.06 | 7.19 | 7.32 | 7.25 | 7.35 | 6.63 | 7.07 | 6.78 | 6.38 | 6.24 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $886,195K ÷ $93,918K
= 9.44
National Vision Holdings Inc's inventory turnover has been showing a generally increasing trend over the past few years, indicating that the company has been more efficient in managing its inventory. The inventory turnover ratio has increased from 6.24 in March 2020 to 9.44 in December 2024. This suggests that inventory is moving at a faster rate through the company, which is a positive sign as it indicates effective inventory management and potentially avoiding obsolescence or excess holding costs. The peak of 11.12 in June 2024 may indicate a particularly strong performance in converting inventory into sales during that period. Overall, the increasing inventory turnover ratio reflects improved efficiency in National Vision Holdings Inc's inventory management processes.
Peer comparison
Dec 31, 2024
Dec 31, 2024