Innovative Eyewear (Innovative Eyewear) Days Sales Outstanding : 17.39 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Innovative Eyewear Days Sales Outstanding?

Innovative Eyewear's average Accounts Receivable for the three months ended in Mar. 2024 was $0.07 Mil. Innovative Eyewear's Revenue for the three months ended in Mar. 2024 was $0.38 Mil. Hence, Innovative Eyewear's Days Sales Outstanding for the three months ended in Mar. 2024 was 17.39.

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

LUCY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 22.71 Med: 32.16 Max: 42.31
Current: 27.97

During the past 5 years, Innovative Eyewear's highest Days Sales Outstanding was 42.31. The lowest was 22.71. And the median was 32.16.

LUCY's Days Sales Outstanding is ranked better than
91.75% of 812 companies
in the Medical Devices & Instruments industry
Industry Median: 64.88 vs LUCY: 27.97

Innovative Eyewear's Days Sales Outstanding declined from Mar. 2023 (74.89) to Mar. 2024 (17.39).

Innovative Eyewear Days Sales Outstanding Historical Data

The historical data trend for Innovative Eyewear'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.

* Premium members only.

Innovative Eyewear Days Sales Outstanding Chart

Innovative Eyewear Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

22.71

42.31

32.16

Innovative Eyewear Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial											74.89	69.51	53.23	16.37	17.39

Competitive Comparison of Innovative Eyewear's Days Sales Outstanding

For the Medical Instruments & Supplies subindustry, Innovative Eyewear'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.

Innovative Eyewear's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

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

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

Innovative Eyewear 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.

Innovative Eyewear'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
=	( (0.11	+	0.093)	/	2 )	/	1.152	*	365
=	0.1015					/	1.152	*	365
=	32.16

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

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0.093	+	0.053)	/	2 )	/	0.383	*	365 / 4
=	0.073					/	0.383	*	365 / 4
=	17.39

Innovative Eyewear (NAS:LUCY) Days Sales Outstanding Explanation

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

Innovative Eyewear Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Innovative Eyewear's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovative Eyewear (Innovative Eyewear) Business Description

Industry

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

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