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