National Vision Holdings Inc (EYE)
Total asset 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 |
| Total assets | US$ in thousands | 2,172,510 | 2,291,250 | 2,293,090 | 2,333,500 | 2,032,720 |
| Total asset turnover | 0.98 | 0.88 | 0.91 | 0.71 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,127,880K ÷ $2,172,510K
= 0.98
National Vision Holdings Inc's total asset turnover has shown variability over the past five years. The ratio has ranged from 0.71 in 2020 to 0.98 in 2023, indicating fluctuations in the company's ability to generate sales from its total assets.
A higher total asset turnover ratio implies that the company is more efficient in utilizing its assets to generate revenue. In 2023, the ratio of 0.98 suggests that for every dollar of assets, the company generated $0.98 in sales, reflecting improved asset utilization compared to previous years.
However, it is worth noting that the ratio decreased to 0.71 in 2020, which could indicate a potential inefficiency in asset management during that period. Overall, the trend in total asset turnover for National Vision Holdings Inc shows some volatility but with a general trend towards improved asset utilization in recent years.
Peer comparison
Dec 31, 2023