Innovative Eyewear (Innovative Eyewear) Days Payable : 141.24 (As of Mar. 2024)

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What is Innovative Eyewear Days Payable?

Innovative Eyewear's average Accounts Payable for the three months ended in Mar. 2024 was $0.58 Mil. Innovative Eyewear's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.38 Mil. Hence, Innovative Eyewear's Days Payable for the three months ended in Mar. 2024 was 141.24.

The historical rank and industry rank for Innovative Eyewear's Days Payable or its related term are showing as below:

LUCY' s Days Payable Range Over the Past 10 Years
Min: 71.6 Med: 118.06 Max: 251.55
Current: 71.6

During the past 5 years, Innovative Eyewear's highest Days Payable was 251.55. The lowest was 71.60. And the median was 118.06.

LUCY's Days Payable is ranked worse than
50.95% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.55 vs LUCY: 71.60

Innovative Eyewear's Days Payable declined from Mar. 2023 (191.96) to Mar. 2024 (141.24). It may suggest that Innovative Eyewear accelerated paying its suppliers.

Innovative Eyewear Days Payable Historical Data

The historical data trend for Innovative Eyewear's Days Payable 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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Innovative Eyewear Days Payable Chart

Innovative Eyewear Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

251.55

73.27

112.92

123.20

Innovative Eyewear Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											191.96	100.60	107.64	44.02	141.24

Competitive Comparison of Innovative Eyewear's Days Payable

For the Medical Instruments & Supplies subindustry, Innovative Eyewear's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's Days Payable distribution charts can be found below:

* The bar in red indicates where Innovative Eyewear's Days Payable falls into.

Innovative Eyewear Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Innovative Eyewear's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.276	+	0.582)	/	2 )	/	1.271	*	365
=	0.429					/	1.271	*	365
=	123.20

Innovative Eyewear's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.582	+	0)	/	1 )	/	0.376	*	365 / 4
=	0.582					/	0.376	*	365 / 4
=	141.24

Innovative Eyewear Days Payable Related Terms

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Innovative Eyewear (Innovative Eyewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innovative Eyewear Inc (NAS:LUCY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11900 Biscayne Boulevard, Suite 630, North Miami, FL, USA, 33138

Website

https://www.lucyd.co

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.

Executives

Olivia C. Bartlett	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Louis Castro	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Konrad Dabrowski	officer: Chief Financial Officer	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Kristen Mclaughlin	director	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Harrison R. Gross	director, officer: Chief Executive Officer	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33131
Frank Rescigna	director	8101 BISCAYNE BLVD., SUITE 705, MIAMI FL 33138
Lucyd Ltd.	10 percent owner	11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
David Eric Cohen	officer: Chief Technology Officer	11900 BISCAYNE BLVD., SUITE 705630, MIAMI FL 33131