National Vision Holdings Inc (EYE)
Working capital 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 current assets | US$ in thousands | 396,670 | 500,062 | 494,287 | 486,479 | 473,836 | 477,063 | 480,470 | 532,594 | 514,576 | 646,387 | 608,363 | 656,950 | 566,650 | 555,435 | 453,122 | 441,217 | 234,639 | 278,649 | 270,894 | 270,089 |
| Total current liabilities | US$ in thousands | 397,700 | 373,528 | 363,233 | 361,763 | 344,264 | 336,625 | 353,791 | 345,407 | 343,803 | 348,836 | 370,483 | 359,828 | 328,680 | 356,049 | 311,942 | 287,465 | 273,179 | 303,898 | 288,279 | 297,669 |
| Working capital turnover | — | 16.52 | 15.70 | 16.37 | 15.49 | 14.35 | 16.06 | 11.08 | 12.18 | 7.01 | 8.58 | 5.84 | 6.99 | 7.93 | 10.77 | 11.04 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,127,386K ÷ ($396,670K – $397,700K)
= —
The working capital turnover of National Vision Holdings Inc has shown fluctuations over the periods presented, ranging from a low of 5.84 to a high of 16.52. The metric indicates how efficiently the company is utilizing its working capital to generate revenue.
A higher working capital turnover ratio suggests that the company is effectively using its working capital to support sales, which is generally a positive sign. Conversely, a lower ratio may indicate inefficiency or overinvestment in working capital.
In this case, the trend shows some volatility, with fluctuations in the ratio over time. It peaked at 16.52 in December 2023 and saw a gradual increase from March 2022 onwards. There was a significant dip in performance in the March 2022 quarter compared to the previous periods.
Overall, a more consistent and increasing trend in working capital turnover would be beneficial for the company, as it would indicate improved efficiency in managing its working capital to drive sales.
Peer comparison
Dec 31, 2023