National Vision Holdings Inc (EYE)
Working capital 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 current assets | US$ in thousands | 249,828 | 396,670 | 473,836 | 514,576 | 566,650 |
| Total current liabilities | US$ in thousands | 468,274 | 397,700 | 344,264 | 343,803 | 328,680 |
| Working capital turnover | — | — | 15.48 | 12.18 | 7.19 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,823,320K ÷ ($249,828K – $468,274K)
= —
The working capital turnover ratio for National Vision Holdings Inc has shown a consistent improvement over the years, increasing from 7.19 in December 31, 2020, to 12.18 in December 31, 2021, and further to 15.48 in December 31, 2022. It indicates the company's ability to efficiently utilize its working capital to generate sales revenue. The significant rise in the ratio reflects a more effective management of working capital and a faster turnover of current assets into sales. However, the absence of data for December 31, 2023, and December 31, 2024, makes it challenging to assess the trend for those particular periods. Overall, the increasing trend in the working capital turnover ratio suggests an improvement in the company's operational efficiency and effective management of its resources.
Peer comparison
Dec 31, 2024