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EYE (National Vision Holdings) Days Inventory : 42.89 (As of Sep. 2024)


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What is National Vision Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Vision Holdings's Average Total Inventories for the three months ended in Sep. 2024 was $89 Mil. National Vision Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $190 Mil. Hence, National Vision Holdings's Days Inventory for the three months ended in Sep. 2024 was 42.89.

The historical rank and industry rank for National Vision Holdings's Days Inventory or its related term are showing as below:

EYE' s Days Inventory Range Over the Past 10 Years
Min: 36.24   Med: 52.99   Max: 55.75
Current: 36.24

During the past 9 years, National Vision Holdings's highest Days Inventory was 55.75. The lowest was 36.24. And the median was 52.99.

EYE's Days Inventory is ranked better than
83.8% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 108.325 vs EYE: 36.24

National Vision Holdings's Days Inventory declined from Sep. 2023 (59.93) to Sep. 2024 (42.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Vision Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 2.13.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. National Vision Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.20.


National Vision Holdings Days Inventory Historical Data

The historical data trend for National Vision Holdings's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Vision Holdings Days Inventory Chart

National Vision Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 55.12 55.41 47.39 48.67 44.32

National Vision Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.93 24.35 43.75 49.38 42.89

Competitive Comparison of National Vision Holdings's Days Inventory

For the Specialty Retail subindustry, National Vision Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Vision Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Vision Holdings's Days Inventory falls into.



National Vision Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

National Vision Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (123.158 + 119.908) / 2 ) / 1000.91*365
=121.533 / 1000.91*365
=44.32

National Vision Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (90.956 + 87.593) / 2 ) / 189.929*365 / 4
=89.2745 / 189.929*365 / 4
=42.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


National Vision Holdings  (NAS:EYE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

National Vision Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

National Vision Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


National Vision Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of National Vision Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


National Vision Holdings Business Description

Traded in Other Exchanges
Address
2435 Commerce Avenue, Building 2200, Duluth, GA, USA, 30096
National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America's Best and Eyeglass World, In America's Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.
Executives
Patrick R. Moore officer: SVP, Chief Financial Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE, BLDG. 2200, DULUTH GA 30096
D Randolph Peeler director, 10 percent owner CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Virginia A Hepner director 415 EAST PACES FERRY ROAD, SUITE 200, ATLANTA GA 30305
L Reade Fahs director, officer: Chief Executive Officer
Thomas V Taylor director 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Ravi Acharya officer: SVP, Chief Technology Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Jared Brandman officer: SVP, GC and Secretary C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE BLDG. 2200, DULUTH GA 30096-4980
David M Tehle director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Joseph Vandette officer: SVP, Chief Marketing Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Melissa Rasmussen officer: SVP, Chief Accounting Officer NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE BLDG 2200, DULUTH GA 30095
Roger F. Francis officer: SVP, Chief Stores Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Jose Armario director MCDONALD'S CORPORATION, 2915 JORIE BOULEVARD, OAK BROOK IL 60523
Susan S Johnson director 303 PEACHTREE STREET, NE, ATLANTA GA 30308
Naomi Kelman director C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Joan Blackwood officer: SVP, Chief Marketing Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096