Innovative Payables Turnover from 2010 to 2024

LUCY Stock  USD 6.86  0.30  4.57%   
Innovative Eyewear Payables Turnover yearly trend continues to be fairly stable with very little volatility. Payables Turnover will likely drop to 1.90 in 2024. Payables Turnover is a liquidity ratio that shows how quickly Innovative Eyewear pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
2.18528968
Current Value
1.9
Quarterly Volatility
0.54677022
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Innovative Eyewear financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Innovative Eyewear's main balance sheet or income statement drivers, such as Depreciation And Amortization of 62.3 K, Interest Expense of 2.9 K or Selling General Administrative of 4.1 M, as well as many indicators such as Price To Sales Ratio of 3.66, Dividend Yield of 0.0 or PTB Ratio of 0.76. Innovative financial statements analysis is a perfect complement when working with Innovative Eyewear Valuation or Volatility modules.
  
Check out the analysis of Innovative Eyewear Correlation against competitors.
For more information on how to buy Innovative Stock please use our How to Invest in Innovative Eyewear guide.

Latest Innovative Eyewear's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Innovative Eyewear over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Innovative Eyewear's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Innovative Eyewear's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Innovative Payables Turnover Regression Statistics

Arithmetic Mean1.72
Geometric Mean1.66
Coefficient Of Variation31.76
Mean Deviation0.41
Median1.44
Standard Deviation0.55
Sample Variance0.30
Range1.8024
R-Value0.60
Mean Square Error0.21
R-Squared0.36
Significance0.02
Slope0.07
Total Sum of Squares4.19

Innovative Payables Turnover History

2024 1.9
2023 2.19
2022 2.6
2021 3.25

About Innovative Eyewear Financial Statements

Innovative Eyewear investors use historical fundamental indicators, such as Innovative Eyewear's Payables Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Innovative Eyewear. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 2.19  1.90 

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Additional Tools for Innovative Stock Analysis

When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.