Joseph Thompson - Kits Eyecare CoFounder COO

KITS Stock  CAD 8.85  0.05  0.57%   

Insider

Joseph Thompson is CoFounder COO of Kits Eyecare
Address 510 Seymour Street, Vancouver, BC, Canada, V6B 3J5
Phone833 487 5487
Webhttps://www.kits.com

Kits Eyecare Management Efficiency

As of the 26th of November 2024, Return On Tangible Assets is likely to drop to -0.05. In addition to that, Return On Capital Employed is likely to drop to -0.04. At this time, Kits Eyecare's Other Assets are very stable compared to the past year. As of the 26th of November 2024, Net Tangible Assets is likely to grow to about 14.5 M, while Total Assets are likely to drop about 61.7 M. Kits Eyecare's management efficiency ratios could be used to measure how well Kits Eyecare manages its routine affairs as well as how well it operates its assets and liabilities.
Kits Eyecare has accumulated 15.39 M in total debt with debt to equity ratio (D/E) of 0.4, which is about average as compared to similar companies. Kits Eyecare has a current ratio of 1.76, which is within standard range for the sector. Debt can assist Kits Eyecare until it has trouble settling it off, either with new capital or with free cash flow. So, Kits Eyecare's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Kits Eyecare sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Kits to invest in growth at high rates of return. When we think about Kits Eyecare's use of debt, we should always consider it together with cash and equity.

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Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. KITS EYECARE operates under Specialty Retail classification in Canada and is traded on Toronto Stock Exchange. It employs 95 people. Kits Eyecare (KITS) is traded on Toronto Exchange in Canada and employs 143 people. Kits Eyecare is listed under Other Specialty Retail category by Fama And French industry classification.

Management Performance

Kits Eyecare Leadership Team

Elected by the shareholders, the Kits Eyecare's board of directors comprises two types of representatives: Kits Eyecare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kits. The board's role is to monitor Kits Eyecare's management team and ensure that shareholders' interests are well served. Kits Eyecare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kits Eyecare's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joseph Thompson, CoFounder COO
Arshil Abdulla, Chief Director
Sabrina Liak, President, CoFounder
Allen Zhu, Controller
Robert Long, Chief Officer
Stefan Harvalias, Chief Officer
Roger Hardy, CEO CoFounder
Tai Silvey, VP Operations
Ibrahim Kamar, Senior Finance

Kits Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Kits Eyecare a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Other Information on Investing in Kits Stock

Kits Eyecare financial ratios help investors to determine whether Kits Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kits with respect to the benefits of owning Kits Eyecare security.