National Vision Holdings Inc (EYE)

Inventory 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
Cost of revenue (ttm) US$ in thousands 1,898,336 1,860,096 1,737,067 1,710,585 1,946,681 1,935,054 1,920,842 1,924,417 1,907,066 1,881,581 1,842,563 1,649,535 1,625,198 1,368,412 1,358,343 1,464,039 1,443,921 1,429,849 1,397,434 1,349,484
Inventory US$ in thousands 119,908 120,583 120,871 123,524 123,158 122,032 129,493 127,401 123,669 124,637 120,863 119,525 111,274 111,700 117,859 130,372 127,556 111,894 105,660 111,936
Inventory turnover 15.83 15.43 14.37 13.85 15.81 15.86 14.83 15.11 15.42 15.10 15.25 13.80 14.61 12.25 11.53 11.23 11.32 12.78 13.23 12.06

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,898,336K ÷ $119,908K
= 15.83

National Vision Holdings Inc's inventory turnover has shown a consistent trend of improvement over the past few years, indicating the company's ability to efficiently manage its inventory. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period, reflecting the liquidity of inventory.

The inventory turnover ratios have generally been above 10, which suggests that the company is effectively converting its inventory into sales. A higher inventory turnover ratio indicates that the company is selling its products quickly and efficiently, minimizing the risk of obsolete inventory and reducing storage costs.

It is noteworthy that the inventory turnover ratio has increased from 11.32 in March 2019 to 15.83 in December 2023, showing a positive trend in the company's inventory management efficiency. This steady improvement indicates sound inventory control and effective sales strategies. Overall, National Vision Holdings Inc's inventory turnover ratios reflect a strong performance in managing inventory levels and converting them into sales.


Peer comparison

Dec 31, 2023

Dec 31, 2023

Company name
Symbol
Inventory turnover
National Vision Holdings Inc
EYE
15.83
STAAR Surgical Company
STAA
0.99
The Cooper Companies Inc.
COO
3.99