Securetech Innovations (Securetech Innovations) Change In Inventory : $0.01 Mil (TTM As of Mar. 2024)

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What is Securetech Innovations Change In Inventory?

Securetech Innovations's change in inventory for the quarter that ended in Mar. 2024 was $0.00 Mil. It means Securetech Innovations's inventory declined by $0.00 Mil from Dec. 2023 to Mar. 2024 .

Securetech Innovations's change in inventory for the fiscal year that ended in Dec. 2023 was $0.01 Mil. It means Securetech Innovations's inventory declined by $0.01 Mil from Dec. 2022 to Dec. 2023 .

Securetech Innovations's Total Inventories for the quarter that ended in Mar. 2024 was $0.01 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Securetech Innovations's Days Inventory for the quarter that ended in Mar. 2024 was 380.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Securetech Innovations's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

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. Securetech Innovations's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Securetech Innovations Change In Inventory Historical Data

The historical data trend for Securetech Innovations'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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Securetech Innovations Change In Inventory Chart

Securetech Innovations Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.05

0.01

Securetech Innovations Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Securetech Innovations 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 $0.01 Mil.

Securetech Innovations (OTCPK:SCTH) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Securetech Innovations's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.0125	/	0.003	*	365 / 4
	=	380.21

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.003	/	0.0125
	=	0.24

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.

Securetech Innovations's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0125	/	0.013
	=	0.96

Securetech Innovations Change In Inventory Related Terms

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Securetech Innovations (Securetech Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Securetech Innovations Inc (OTCPK:SCTH) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

2355 Highway 36 West, Suite 400, Roseville, MN, USA, 55113

Website

https://www.securetechinnovations.com

Securetech Innovations Inc is engaged in developing and marketing personal and automobile security and safety devices and technologies. Its primary source of revenue is from the sale of its Top Kontrol product which is an anti-theft and anti-carjacking system.

Executives

African Resource Group, Inc.	10 percent owner	9353 OUTER BANKS AVE., LAS VEGAS NV 89149
Anthony Vang	director, officer: Treasurer/Secretary	2355 HIGHWAY 36 WEST, SUITE 400, ROSEVILLE MN 55113
Lee Kao	director, 10 percent owner, officer: President/CEO	2355 HIGHWAY 36 WEST, SUITE 400, ROSEVILLE MN 55113
Abdikarim Farah	officer: Vice President	2355 HIGHWAY 36 WEST, STE. 400, ROSEVILLE MN 55113