Kits Eyecare (TSX:KITS) Change In Inventory : C$1.0 Mil (TTM As of Dec. 2023)

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What is Kits Eyecare Change In Inventory?

Kits Eyecare's change in inventory for the quarter that ended in Dec. 2023 was C$0.0 Mil. It means Kits Eyecare's inventory declined by C$0.0 Mil from Sep. 2023 to Dec. 2023 .

Kits Eyecare's change in inventory for the fiscal year that ended in Dec. 2023 was C$1.0 Mil. It means Kits Eyecare's inventory declined by C$1.0 Mil from Dec. 2022 to Dec. 2023 .

Kits Eyecare's Total Inventories for the quarter that ended in Dec. 2023 was C$15.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kits Eyecare's Days Inventory for the quarter that ended in Dec. 2023 was 68.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kits Eyecare's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.34.

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. Kits Eyecare's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Kits Eyecare Change In Inventory Historical Data

The historical data trend for Kits Eyecare's Change In 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.

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Kits Eyecare Change In Inventory Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.31

-2.97

-7.68

-2.93

1.01

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial													-4.10	1.93	0.06	-1.00	0.01

Kits Eyecare Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.0 Mil.

Kits Eyecare (TSX:KITS) Change In Inventory Explanation

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

Kits Eyecare's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	15.416	/	20.584	*	365 / 4
	=	68.34

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

Kits Eyecare's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.584	/	15.416
	=	1.34

3. 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.

Kits Eyecare's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.416	/	31.663
	=	0.49

Kits Eyecare Change In Inventory 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 » Change In Inventory

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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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