Securetech Innovations (Securetech Innovations) Days Payable : 3,650.00 (As of Dec. 2023)

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What is Securetech Innovations Days Payable?

Securetech Innovations's average Accounts Payable for the three months ended in Dec. 2023 was $0.04 Mil. Securetech Innovations's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Hence, Securetech Innovations's Days Payable for the three months ended in Dec. 2023 was 3,650.00.

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

SCTH' s Days Payable Range Over the Past 10 Years
Min: 40.56 Med: 51.48 Max: 730
Current: 620.5

During the past 7 years, Securetech Innovations's highest Days Payable was 730.00. The lowest was 40.56. And the median was 51.48.

SCTH's Days Payable is ranked better than
98.41% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs SCTH: 620.50

Securetech Innovations's Days Payable increased from Dec. 2022 (22.81) to Dec. 2023 (3,650.00). It may suggest that Securetech Innovations delayed paying its suppliers.

Securetech Innovations Days Payable Historical Data

The historical data trend for Securetech Innovations'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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Securetech Innovations Days Payable Chart

Securetech Innovations Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.83

40.56

42.12

730.00

Securetech Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.81	27.38	182.50	2,418.13	3,650.00

Competitive Comparison of Securetech Innovations's Days Payable

For the Auto Parts subindustry, Securetech Innovations'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.

Securetech Innovations's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Securetech Innovations's Days Payable distribution charts can be found below:

* The bar in red indicates where Securetech Innovations's Days Payable falls into.

Securetech Innovations 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.

Securetech Innovations's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.002	+	0.046)	/	2 )	/	0.012	*	365
=	0.024					/	0.012	*	365
=	730.00

Securetech Innovations's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.034	+	0.046)	/	2 )	/	0.001	*	365 / 4
=	0.04					/	0.001	*	365 / 4
=	3,650.00

Securetech Innovations Days Payable Related Terms

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

Securetech Innovations (Securetech Innovations) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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