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