What is Securetech Innovations Inventory-to-Revenue?
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 Average Total Inventories for the quarter that ended in Mar. 2024 was $0.01 Mil. Securetech Innovations's Revenue for the
three
months ended in Mar. 2024 was $0.01 Mil.
Securetech Innovations's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.
Securetech Innovations's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (2.42) to Dec. 2023 (0.96)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
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
three
months 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.
Securetech Innovations Inventory-to-Revenue Historical Data
The historical data trend for Securetech Innovations's Inventory-to-Revenue 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.
Competitive Comparison of Securetech Innovations's Inventory-to-Revenue
For the Auto Parts subindustry, Securetech Innovations's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Securetech Innovations's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Securetech Innovations's Inventory-to-Revenue falls into.
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
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
three
months ended in Mar. 2024 is calculated as:
* 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.
Securetech Innovations Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Securetech Innovations's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Securetech Innovations (Securetech Innovations) Business Description
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.
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