National Vision Holdings Inc (EYE)

Number of days of payables

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
Payables turnover 28.10 29.58 27.10 22.92 29.82 28.05 27.44 27.72 29.64 24.72 23.72 20.67 25.06 19.94 25.91 24.42 35.41 31.54 29.67 29.93
Number of days of payables days 12.99 12.34 13.47 15.92 12.24 13.01 13.30 13.17 12.31 14.77 15.39 17.66 14.57 18.31 14.09 14.95 10.31 11.57 12.30 12.19

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.10
= 12.99

National Vision Holdings Inc's number of days of payables has varied over the past eight quarters, ranging from a low of 10.31 days to a high of 18.31 days. On average, the company takes around two weeks to pay its accounts payable, indicating a relatively efficient management of its payables. A lower number of days of payables suggests the company is able to settle its debts quickly, while a higher number could indicate potential liquidity or cash flow challenges. Analyzing trends in this ratio can provide insights into the company's working capital management and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
National Vision Holdings Inc
EYE
12.99
STAAR Surgical Company
STAA
70.93
The Cooper Companies Inc.
COO
24.74