National Vision Holdings Inc (EYE)
Payables 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 |
| Payables | US$ in thousands | 67,556 | 62,882 | 64,108 | 74,624 | 65,276 | 68,979 | 70,000 | 69,414 | 64,331 | 76,124 | 77,677 | 79,807 | 64,861 | 68,629 | 52,432 | 59,953 | 40,782 | 45,337 | 47,100 | 45,087 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,898,336K ÷ $67,556K
= 28.10
The payables turnover ratio for National Vision Holdings Inc has shown some fluctuation over the past few quarters. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times a company pays off its suppliers during a specific period.
Looking at the data, we can see that the payables turnover ratio has generally been above 20 for each quarter, indicating that the company is efficient in managing its accounts payable. A higher ratio suggests that the company is able to quickly pay off its suppliers, which may be a positive sign of strong vendor relationships and good working capital management.
Although there have been fluctuations in the ratio from quarter to quarter, the overall trend appears to demonstrate consistency in managing payables efficiently. It is important to note that a high payables turnover ratio can also indicate that the company may be using its suppliers' credit terms to its advantage.
Overall, National Vision Holdings Inc's payables turnover ratio indicates that the company has been effectively managing its accounts payable and maintaining healthy relationships with its suppliers.
Peer comparison
Dec 31, 2023