National Vision Holdings Inc (EYE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 32.17 | 29.82 | 29.64 | 25.06 | 40.39 | |
| Number of days of payables | days | 11.35 | 12.24 | 12.31 | 14.57 | 9.04 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 32.17
= 11.35
The number of days of payables for National Vision Holdings Inc has shown a fluctuating trend over the past five years, ranging from a low of 9.04 days in 2019 to a high of 14.57 days in 2020. In 2023, the number of days of payables decreased to 11.35 days compared to the previous year, indicating an improvement in the company's ability to pay its suppliers.
A lower number of days of payables suggests that the company is taking fewer days to pay its suppliers, which can be advantageous in terms of maintaining good relationships with vendors and potentially negotiating better terms. It may also indicate efficient working capital management, as the company is able to pay its obligations in a timely manner.
Overall, the decreasing trend in the number of days of payables for National Vision Holdings Inc suggests improvements in the company's payables management and efficiency in managing its working capital.
Peer comparison
Dec 31, 2023