Kits Eyecare (TSX:KITS) Days Payable : 67.90 (As of Dec. 2023)

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What is Kits Eyecare Days Payable?

Kits Eyecare's average Accounts Payable for the three months ended in Dec. 2023 was C$15.3 Mil. Kits Eyecare's Cost of Goods Sold for the three months ended in Dec. 2023 was C$20.6 Mil. Hence, Kits Eyecare's Days Payable for the three months ended in Dec. 2023 was 67.90.

The historical rank and industry rank for Kits Eyecare's Days Payable or its related term are showing as below:

TSX:KITS' s Days Payable Range Over the Past 10 Years
Min: 49.08 Med: 62.63 Max: 71.83
Current: 71.83

During the past 6 years, Kits Eyecare's highest Days Payable was 71.83. The lowest was 49.08. And the median was 62.63.

TSX:KITS's Days Payable is ranked better than
60.74% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.525 vs TSX:KITS: 71.83

Kits Eyecare's Days Payable declined from Dec. 2022 (73.10) to Dec. 2023 (67.90). It may suggest that Kits Eyecare accelerated paying its suppliers.

Kits Eyecare Days Payable Historical Data

The historical data trend for Kits Eyecare's Days Payable 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.

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Kits Eyecare Days Payable Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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68.00

49.08

53.34

66.77

62.63

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial													73.10	74.85	75.59	78.28	67.90

Competitive Comparison of Kits Eyecare's Days Payable

For the Specialty Retail subindustry, Kits Eyecare's Days Payable, along with its competitors' market caps and Days Payable 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.

Kits Eyecare's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kits Eyecare's Days Payable distribution charts can be found below:

* The bar in red indicates where Kits Eyecare's Days Payable falls into.

Kits Eyecare Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Kits Eyecare's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.465	+	12.892)	/	2 )	/	79.718	*	365
=	13.6785					/	79.718	*	365
=	62.63

Kits Eyecare's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.742	+	12.892)	/	2 )	/	20.584	*	365 / 4
=	15.317					/	20.584	*	365 / 4
=	67.90

Kits Eyecare Days Payable Related Terms

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Kits Eyecare (TSX:KITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kits Eyecare Ltd (TSX:KITS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KTYCF:USA 0P3:Germany

Address

510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5

Website

https://www.kits.com

Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.

Kits Eyecare (TSX:KITS) Headlines

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