Kisses From Italy (Kisses From Italy) Days Payable : 1,013.89 (As of Sep. 2023)

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What is Kisses From Italy Days Payable?

Kisses From Italy's average Accounts Payable for the three months ended in Sep. 2023 was $0.10 Mil. Kisses From Italy's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.01 Mil. Hence, Kisses From Italy's Days Payable for the three months ended in Sep. 2023 was 1,013.89.

The historical rank and industry rank for Kisses From Italy's Days Payable or its related term are showing as below:

KITL' s Days Payable Range Over the Past 10 Years
Min: 15.76 Med: 102.08 Max: 219.5
Current: 219.5

During the past 6 years, Kisses From Italy's highest Days Payable was 219.50. The lowest was 15.76. And the median was 102.08.

KITL's Days Payable is ranked better than
95.31% of 341 companies
in the Restaurants industry
Industry Median: 38.28 vs KITL: 219.50

Kisses From Italy's Days Payable increased from Sep. 2022 (134.47) to Sep. 2023 (1,013.89). It may suggest that Kisses From Italy delayed paying its suppliers.

Kisses From Italy Days Payable Historical Data

The historical data trend for Kisses From Italy'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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Kisses From Italy Days Payable Chart

Kisses From Italy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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55.01

98.07

208.11

106.08

119.10

Kisses From Italy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															134.47	152.08	124.29	267.46	1,013.89

Competitive Comparison of Kisses From Italy's Days Payable

For the Restaurants subindustry, Kisses From Italy'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.

Kisses From Italy's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kisses From Italy's Days Payable distribution charts can be found below:

* The bar in red indicates where Kisses From Italy's Days Payable falls into.

Kisses From Italy 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.

Kisses From Italy's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.053	+	0.086)	/	2 )	/	0.213	*	365
=	0.0695					/	0.213	*	365
=	119.10

Kisses From Italy's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.098	+	0.102)	/	2 )	/	0.009	*	365 / 4
=	0.1					/	0.009	*	365 / 4
=	1,013.89

Kisses From Italy Days Payable Related Terms

Thank you for viewing the detailed overview of Kisses From Italy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kisses From Italy (Kisses From Italy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kisses From Italy Inc (OTCPK:KITL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 SW 8th Street, Suite 2000, Miami, FL, USA, 33130

Website

https://www.kissesfromitaly.com

Kisses From Italy Inc in Florida is engaged in developing a fast-casual food dining chain restaurant business. It offers deli paninis including fresh cheese Panini, prosciutto, salami, calicollo, bresaola, and turkey paninis. The company also offers espresso, cappuccino, and other coffee drinks, soft drinks, bottled water, and juices, as well as various flavors of granite. In addition to its company operated restaurants, it is engaged in franchising restaurant concept so that it can build market share and brand awareness.

Executives

Denis Senecal	director	866 DU RIVAGE, SAINT-ANTOINE-SUR-RICHELIEU A8 JOL 1RO
Turi Michele Di	director, officer: CO-CEO/President	3100 BOUL. DES GOUVERNEURS, LAVAL A8 H7E 5J3
Claudio Ferri	director, officer: CO-CEO/CFO	12280 53RD AVENUE, MONTREAL A8 H1E 0A5
Leonardo Fraccalvieri	director, officer: Chief Operating Officer	VIA DEPRETIS 9, SANNICANDRO DI BARI L6 70028