National Vision Holdings Inc (EYE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,823,320 | 2,126,470 | 2,005,400 | 2,079,520 | 1,711,760 |
| Total assets | US$ in thousands | 2,007,770 | 2,172,510 | 2,291,250 | 2,293,090 | 2,333,500 |
| Total asset turnover | 0.91 | 0.98 | 0.88 | 0.91 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,823,320K ÷ $2,007,770K
= 0.91
The total asset turnover of National Vision Holdings Inc has shown a fluctuating trend over the past five years, starting at 0.73 in December 2020 and reaching its peak at 0.98 by December 2023. This indicates that the company generated $0.73 in revenue for every dollar of assets in 2020 and improved its efficiency in utilizing assets to generate revenue over the years. Despite a slight dip to 0.91 in December 2024, the overall upward trend suggests that National Vision Holdings Inc has been able to effectively utilize its assets to generate sales. However, monitoring this ratio in the future will be crucial to ensure continued efficiency in asset utilization and revenue generation.
Peer comparison
Dec 31, 2024