National Vision Holdings Inc (EYE)
Total asset 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 |
| Total assets | US$ in thousands | 2,172,510 | 2,266,430 | 2,333,930 | 2,312,370 | 2,291,250 | 2,291,740 | 2,278,340 | 2,325,490 | 2,293,090 | 2,405,470 | 2,369,220 | 2,419,840 | 2,333,500 | 2,307,510 | 2,219,040 | 2,218,750 | 2,032,720 | 2,078,420 | 2,071,840 | 2,053,090 |
| Total asset turnover | 0.98 | 0.92 | 0.88 | 0.88 | 0.88 | 0.88 | 0.89 | 0.89 | 0.91 | 0.87 | 0.86 | 0.72 | 0.71 | 0.68 | 0.69 | 0.77 | 0.83 | 0.79 | 0.78 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,127,386K ÷ $2,172,510K
= 0.98
The total asset turnover of National Vision Holdings Inc has shown a fluctuating trend over the past few years. The ratio has ranged from 0.68 to 0.98, indicating the company's ability to generate sales revenue from its total assets.
In recent quarters, the total asset turnover has generally been around 0.88 to 0.92, suggesting that the company is effectively utilizing its assets to generate sales. However, there was a notable increase in the ratio in the most recent period, reaching 0.98, which may indicate improved efficiency in asset utilization.
It is important for the company to maintain or improve its total asset turnover over time to ensure that its assets are being efficiently used to generate revenue. Monitoring this ratio can provide insights into the effectiveness of the company's asset management and operational efficiency.
Peer comparison
Dec 31, 2023