National Vision Holdings Inc (EYE)
Working capital 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 current assets | US$ in thousands | 249,828 | 243,715 | 364,402 | 378,912 | 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 |
| Total current liabilities | US$ in thousands | 468,274 | 426,123 | 663,161 | 375,006 | 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 |
| Working capital turnover | — | — | — | 539.33 | — | 16.51 | 15.69 | 16.36 | 15.48 | 14.34 | 16.05 | 11.07 | 12.18 | 7.05 | 8.68 | 5.98 | 7.19 | 8.11 | 11.07 | 11.27 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,883,049K ÷ ($249,828K – $468,274K)
= —
National Vision Holdings Inc's working capital turnover has exhibited fluctuations over the periods provided. The working capital turnover ratio measures the efficiency with which the company utilizes its working capital to generate sales revenue.
From March 31, 2020, to June 30, 2020, the working capital turnover decreased slightly from 11.27 to 11.07. Subsequently, there was a more significant decline to 5.98 by March 31, 2021, indicating a potential decrease in sales relative to the working capital employed.
The ratio saw some recovery to 16.05 by June 30, 2022, and continued to show improvements, reaching 16.51 by September 30, 2023. This suggests that the company was able to effectively utilize its working capital to drive sales during these periods.
However, the significant outlier with a working capital turnover ratio of 539.33 on March 31, 2024 is unusual and may be attributed to data irregularities or exceptional circumstances. The absence of data for the subsequent periods makes it difficult to ascertain the trend beyond this point.
Overall, fluctuations in the working capital turnover ratio can provide insights into the efficiency of National Vision Holdings Inc's working capital management and its ability to generate sales. Further analysis and comparison with industry benchmarks would be necessary to draw more concrete conclusions about the company's operational performance.
Peer comparison
Dec 31, 2024