National Vision Holdings Inc (EYE)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,127,880 | 2,006,690 | 2,080,160 | 1,662,480 | 1,678,310 |
| Receivables | US$ in thousands | 86,854 | 79,892 | 55,697 | 57,989 | 44,475 |
| Receivables turnover | 24.50 | 25.12 | 37.35 | 28.67 | 37.74 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,127,880K ÷ $86,854K
= 24.50
The receivables turnover ratio of National Vision Holdings Inc has fluctuated over the past five years. In 2023, the company had a receivables turnover of 24.50, which decreased from the previous year's ratio of 25.12. This suggests that the company took longer to collect its accounts receivables in 2023 compared to 2022.
However, when compared to 2021 and 2019, the receivables turnover ratio in 2023 was lower, indicating a longer collection period. The significant decrease in the receivables turnover ratio from 2019 to 2021 and the subsequent increase in 2022 and 2023 may signal changes in the company's credit policy, customer payment behaviors, or sales volume.
Overall, a lower receivables turnover ratio may indicate inefficiencies in managing accounts receivables, potential credit risks, or delayed cash inflows. Monitoring trends in this ratio can provide insights into the company's liquidity, efficiency, and collection practices.
Peer comparison
Dec 31, 2023