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

Company name
Symbol
Total asset turnover
National Vision Holdings Inc
EYE
0.98
STAAR Surgical Company
STAA
0.66
The Cooper Companies Inc.
COO
0.30