National Vision Holdings Inc (EYE)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,883,049 | 1,952,174 | 2,033,015 | 2,106,622 | 2,126,468 | 2,088,996 | 2,055,847 | 2,040,062 | 2,005,404 | 2,014,324 | 2,033,122 | 2,073,056 | 2,079,525 | 2,098,370 | 2,065,718 | 1,776,236 | 1,711,760 | 1,616,827 | 1,563,376 | 1,732,820 |
| Total assets | US$ in thousands | 2,007,770 | 2,020,130 | 2,146,300 | 2,155,370 | 2,320,600 | 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 |
| Total asset turnover | 0.94 | 0.97 | 0.95 | 0.98 | 0.92 | 0.92 | 0.88 | 0.88 | 0.88 | 0.88 | 0.89 | 0.89 | 0.91 | 0.87 | 0.87 | 0.73 | 0.73 | 0.70 | 0.70 | 0.78 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,883,049K ÷ $2,007,770K
= 0.94
The total asset turnover ratio for National Vision Holdings Inc has shown a fluctuating trend over the past few years, starting at 0.78 in March 2020 and reaching its peak at 0.98 in March 2024. This ratio indicates how effectively the company is generating revenue from its assets. A higher total asset turnover ratio generally suggests that the company is efficiently utilizing its assets to generate sales.
Although there have been fluctuations, the ratio has generally been trending upwards, suggesting an improvement in the company's efficiency in generating revenue relative to its total assets. This could be attributed to more effective asset management, increased sales, or a combination of both.
Investors and stakeholders may view this trend positively as it signifies that the company is becoming more efficient in utilizing its assets to drive revenue growth. However, it is important to consider other factors alongside the total asset turnover ratio to gain a comprehensive understanding of the company's financial performance and efficiency in managing its resources.
Peer comparison
Dec 31, 2024