12 Retech (12 Retech) Days Payable : 1,897.53 (As of Dec. 2021)

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What is 12 Retech Days Payable?

12 Retech's average Accounts Payable for the three months ended in Dec. 2021 was $1.62 Mil. 12 Retech's Cost of Goods Sold for the three months ended in Dec. 2021 was $0.08 Mil. Hence, 12 Retech's Days Payable for the three months ended in Dec. 2021 was 1,897.53.

The historical rank and industry rank for 12 Retech's Days Payable or its related term are showing as below:

RETC's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.13
* Ranked among companies with meaningful Days Payable only.

12 Retech's Days Payable increased from Dec. 2020 (1,510.19) to Dec. 2021 (1,897.53). It may suggest that 12 Retech delayed paying its suppliers.

12 Retech Days Payable Historical Data

The historical data trend for 12 Retech'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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12 Retech Days Payable Chart

12 Retech Annual Data

Trend

Nov14

Nov15

Nov16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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153.30

1,467.16

264.97

1,235.79

1,439.16

12 Retech Quarterly Data
	Feb17	May17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Days Payable	Get a 7-Day Free Trial															1,510.19	1,345.22	1,075.61	1,287.79	1,897.53

Competitive Comparison of 12 Retech's Days Payable

For the Software - Application subindustry, 12 Retech'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.

12 Retech's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, 12 Retech's Days Payable distribution charts can be found below:

* The bar in red indicates where 12 Retech's Days Payable falls into.

12 Retech 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.

12 Retech's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (1.357	+	1.75)	/	2 )	/	0.394	*	365
=	1.5535					/	0.394	*	365
=	1,439.16

12 Retech's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (1.494	+	1.75)	/	2 )	/	0.078	*	365 / 4
=	1.622					/	0.078	*	365 / 4
=	1,897.53

12 Retech Days Payable Related Terms

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12 Retech (12 Retech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 12 Retech Corp (OTCPK:RETC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2828 N. Central Avenue, Suite 831, Phoenix, AZ, USA, 85004

Website

https://www.12reTech.com

12 Retech Corp mainly engages in the creation of mobile software applications. The company, through its subsidiaries, develops, improves, acquires, and licenses technologies designed to merge between real brick and mortar stores with online retailing of transacting commerce. It develops an omnichannel solution name 12 Technology Suite, through which retailers can choose the entire suite as per their need and combines real-world shopping with online media. The company's products which are based on its 12 technology suite include 12 Mirror, 12 Kiosk, 12 in-store apps, 12 Mobile apps, and 12 ERP.