The historical rank and industry rank for Innovative Eyewear's Days Inventory or its related term are showing as below:
LUCY'
s Days Inventory Range Over the Past 10 Years
Min: 19.73 Med: 92.14 Max: 172.18
Current: 172.18
During the past 5 years, Innovative Eyewear's highest Days Inventory was 172.18. The lowest was 19.73. And the median was 92.14.
LUCY's Days Inventory is ranked better than 56.35% of 779
companies
in the Medical Devices & Instruments industry
Industry Median: 192.78
vs LUCY: 172.18
Innovative Eyewear's Days Inventory
declined
from Mar. 2023 (283.21) to Mar. 2024 (168.91).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Innovative Eyewear's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.54.
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.
Innovative Eyewear's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.82.
Innovative Eyewear Days Inventory Historical Data
The historical data trend for Innovative Eyewear'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.
Competitive Comparison of Innovative Eyewear's Days Inventory
For the Medical Instruments & Supplies subindustry, Innovative Eyewear'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.
Innovative Eyewear's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's Days Inventory distribution charts can be found below:
* The bar in red indicates where Innovative Eyewear's Days Inventory falls into.
Innovative Eyewear Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Innovative Eyewear's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Innovative Eyewear (NAS:LUCY) 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.
Innovative Eyewear's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Innovative Eyewear's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Innovative Eyewear Days Inventory Related Terms
Thank you for viewing the detailed overview of Innovative Eyewear's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Eyewear (Innovative Eyewear) Business Description
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
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