Kits Eyecare (TSX:KITS) Days Inventory : 68.34 (As of Dec. 2023)

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What is Kits Eyecare Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kits Eyecare's Average Total Inventories for the three months ended in Dec. 2023 was C$15.4 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 Inventory for the three months ended in Dec. 2023 was 68.34.

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

TSX:KITS' s Days Inventory Range Over the Past 10 Years
Min: 29.3 Med: 57.23 Max: 87.46
Current: 69.74

During the past 6 years, Kits Eyecare's highest Days Inventory was 87.46. The lowest was 29.30. And the median was 57.23.

TSX:KITS's Days Inventory is ranked better than
68.73% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.545 vs TSX:KITS: 69.74

Kits Eyecare's Days Inventory declined from Dec. 2022 (75.61) to Dec. 2023 (68.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kits Eyecare's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.49.

Kits Eyecare Days Inventory Historical Data

The historical data trend for Kits Eyecare'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.

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Kits Eyecare Days Inventory Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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39.70

29.30

57.23

87.46

72.85

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial													75.61	76.03	65.55	66.52	68.34

Competitive Comparison of Kits Eyecare's Days Inventory

For the Specialty Retail subindustry, Kits Eyecare'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.

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

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

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

Kits Eyecare Days Inventory Calculation

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 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
=	( (16.414	+	15.409)	/	2 )	/	79.718	*	365
=	15.9115					/	79.718	*	365
=	72.85

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.423	+	15.409)	/	2 )	/	20.584	*	365 / 4
=	15.416					/	20.584	*	365 / 4
=	68.34

Kits Eyecare (TSX:KITS) 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.

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

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

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.

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

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

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.

Kits Eyecare Days Inventory Related Terms

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

Kits Eyecare (TSX:KITS) Business Description

Industry

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

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.

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