Kits Eyecare (TSX:KITS) Days Sales Outstanding : 3.88 (As of Dec. 2023)

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What is Kits Eyecare Days Sales Outstanding?

Kits Eyecare's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.3 Mil. Kits Eyecare's Revenue for the three months ended in Dec. 2023 was C$31.7 Mil. Hence, Kits Eyecare's Days Sales Outstanding for the three months ended in Dec. 2023 was 3.88.

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

TSX:KITS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 2.57 Med: 3.84 Max: 8.36
Current: 3.07

During the past 6 years, Kits Eyecare's highest Days Sales Outstanding was 8.36. The lowest was 2.57. And the median was 3.84.

TSX:KITS's Days Sales Outstanding is ranked better than
89.07% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 17.665 vs TSX:KITS: 3.07

Kits Eyecare's Days Sales Outstanding increased from Dec. 2022 (2.76) to Dec. 2023 (3.88).

Kits Eyecare Days Sales Outstanding Historical Data

The historical data trend for Kits Eyecare's Days Sales Outstanding 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 Sales Outstanding Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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8.36

4.48

3.19

2.57

3.84

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial													2.76	2.58	2.33	2.67	3.88

Competitive Comparison of Kits Eyecare's Days Sales Outstanding

For the Specialty Retail subindustry, Kits Eyecare's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Retail - Cyclical Industry

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

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

Kits Eyecare Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.85	+	1.688)	/	2 )	/	120.51	*	365
=	1.269					/	120.51	*	365
=	3.84

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1.003	+	1.688)	/	2 )	/	31.663	*	365 / 4
=	1.3455					/	31.663	*	365 / 4
=	3.88

Kits Eyecare (TSX:KITS) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Kits Eyecare Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Kits Eyecare's Days Sales Outstanding 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 Sales Outstanding

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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