Innovative Eyewear (Innovative Eyewear) Change In Receivables : $0.07 Mil (TTM As of Mar. 2024)

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What is Innovative Eyewear Change In Receivables?

Innovative Eyewear's change in receivables for the quarter that ended in Mar. 2024 was $0.05 Mil. It means Innovative Eyewear's Accounts Receivable declined by $0.05 Mil from Dec. 2023 to Mar. 2024 .

Innovative Eyewear's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.00 Mil. It means Innovative Eyewear's Accounts Receivable increased by $0.00 Mil from Dec. 2022 to Dec. 2023 .

Innovative Eyewear's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.05 Mil.

Days Sales Outstanding measures of 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. Innovative Eyewear's Days Sales Outstanding for the three months ended in Mar. 2024 was 12.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Innovative Eyewear's liquidation value for the three months ended in Mar. 2024 was $2.21 Mil.

Innovative Eyewear Change In Receivables Historical Data

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

Innovative Eyewear Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.04

-0.18

Innovative Eyewear Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											-0.02	-0.01	0.03	-0.01	0.05

Innovative Eyewear Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 $0.07 Mil.

Innovative Eyewear (NAS:LUCY) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.053	/	0.383	*	91
=	12.63

2. In Ben Graham's calculation of liquidation value, Innovative Eyewear's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2.649	-	0.911	+	0.75 * 0.053	+	0.5 * 0.859
=	2.21

Innovative Eyewear Change In Receivables 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 Receivables

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