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. Common Stock
COO
31.33