Kits Eyecare (TSX:KITS) Accounts Payable & Accrued Expense : C$16.4 Mil (As of Dec. 2023)

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What is Kits Eyecare Accounts Payable & Accrued Expense?

Kits Eyecare's quarterly accounts payable & accrued expense increased from Jun. 2023 (C$17.8 Mil) to Sep. 2023 (C$18.2 Mil) but then declined from Sep. 2023 (C$18.2 Mil) to Dec. 2023 (C$16.4 Mil).

Kits Eyecare's annual accounts payable & accrued expense increased from Dec. 2021 (C$10.7 Mil) to Dec. 2022 (C$17.2 Mil) but then declined from Dec. 2022 (C$17.2 Mil) to Dec. 2023 (C$16.4 Mil).

Kits Eyecare Accounts Payable & Accrued Expense Historical Data

The historical data trend for Kits Eyecare's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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5.42

10.79

10.69

17.23

16.38

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													17.23	16.37	17.80	18.16	16.38

Kits Eyecare Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Kits Eyecare (TSX:KITS) Business Description

Industry

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

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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.

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