National Vision Holdings Inc (EYE)

Receivables 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
Revenue (ttm) US$ in thousands 2,127,386 2,090,382 2,057,053 2,041,121 2,006,691 2,015,422 2,034,012 2,073,788 2,080,159 2,085,883 2,040,676 1,734,821 1,662,479 1,580,489 1,520,846 1,697,577 1,687,763 1,641,922 1,606,635 1,562,202
Receivables US$ in thousands 86,854 80,940 78,904 79,892 55,697
Receivables turnover 24.49 25.83 26.07 25.12 37.35

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,127,386K ÷ $86,854K
= 24.49

The receivables turnover ratio for National Vision Holdings Inc has shown a fluctuating trend over the past few quarters. As of December 31, 2023, the receivables turnover stood at 24.49, indicating that the company collected its accounts receivable approximately 24.49 times during the year. The ratio improved from the previous quarter, where it was 25.83. However, the data for March 31, 2023, is missing.

Comparing the latest data to historical figures, it is observed that the receivables turnover was highest at 37.35 on December 31, 2021, suggesting that the company was more efficient in collecting its receivables during that period. The ratio has been generally above 25, reflecting a consistent ability to efficiently convert receivables into cash.

Although the receivables turnover ratio provides insights into the company's collection efficiency, it is essential to analyze other related metrics and consider industry benchmarks to gain a more comprehensive understanding of National Vision Holdings Inc's overall financial performance.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
National Vision Holdings Inc
EYE
24.49
STAAR Surgical Company
STAA
3.32
The Cooper Companies Inc.
COO
5.46