Innovative Eyewear (Innovative Eyewear) Change In Inventory : $-0.18 Mil (TTM As of Mar. 2024)

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What is Innovative Eyewear Change In Inventory?

Innovative Eyewear's change in inventory for the quarter that ended in Mar. 2024 was $-0.06 Mil. It means Innovative Eyewear's inventory increased by $0.06 Mil from Dec. 2023 to Mar. 2024 .

Innovative Eyewear's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.56 Mil. It means Innovative Eyewear's inventory increased by $0.56 Mil from Dec. 2022 to Dec. 2023 .

Innovative Eyewear's Total Inventories for the quarter that ended in Mar. 2024 was $0.86 Mil.

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 quarter that ended in Mar. 2024 was 168.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovative Eyewear's Inventory Turnover for the quarter that 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 quarter that ended in Mar. 2024 was 1.82.

Innovative Eyewear Change In Inventory Historical Data

The historical data trend for Innovative Eyewear's Change In 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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Innovative Eyewear Change In Inventory Chart

Innovative Eyewear Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.03

-0.25

0.05

-0.56

Innovative Eyewear Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial											-0.45	-0.28	-0.15	0.32	-0.06

Innovative Eyewear Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.18 Mil.

Innovative Eyewear (NAS:LUCY) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.696	/	0.376	*	365 / 4
	=	168.91

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Innovative Eyewear's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.376	/	0.696
	=	0.54

3. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.696	/	0.383
	=	1.82

Innovative Eyewear Change In Inventory 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 » Change In Inventory

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