Securetech Innovations (Securetech Innovations) Gross-Profit-to-Asset % : 200.00% (As of Mar. 2024)

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What is Securetech Innovations Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Securetech Innovations's annualized Gross Profit for the quarter that ended in Mar. 2024 was $0.04 Mil. Securetech Innovations's average Total Assets over the quarter that ended in Mar. 2024 was $0.02 Mil. Therefore, Securetech Innovations's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 200.00%.

Securetech Innovations Gross-Profit-to-Asset % Historical Data

The historical data trend for Securetech Innovations's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Securetech Innovations Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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10.22

11.70

14.95

32.00

Securetech Innovations Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															39.09	75.36	40.00	76.92	200.00

Competitive Comparison of Securetech Innovations's Gross-Profit-to-Asset %

For the Auto Parts subindustry, Securetech Innovations's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Securetech Innovations's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Securetech Innovations's Gross-Profit-to-Asset % falls into.

Securetech Innovations Gross-Profit-to-Asset % Calculation

Securetech Innovations's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	0.036	/	( (0.201	+	0.024)	/ 2 )
	=	0.036	/	0.1125
	=	32.00 %

Securetech Innovations's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.04	/	( (0.024	+	0.016)	/ 2 )
	=	0.04	/	0.02
	=	200.00 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Securetech Innovations Gross-Profit-to-Asset % 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 » Gross-Profit-to-Asset %

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