INEOF (INEO Tech) Days Payable : 657.65 (As of Dec. 2024)

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What is INEO Tech Days Payable?

INEO Tech's average Accounts Payable for the three months ended in Dec. 2024 was $0.71 Mil. INEO Tech's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.10 Mil. Hence, INEO Tech's Days Payable for the three months ended in Dec. 2024 was 657.65.

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

INEOF' s Days Payable Range Over the Past 10 Years
Min: 70.13 Med: 93.05 Max: 499.89
Current: 499.89

During the past 11 years, INEO Tech's highest Days Payable was 499.89. The lowest was 70.13. And the median was 93.05.

INEOF's Days Payable is ranked better than
88.89% of 945 companies
in the Media - Diversified industry
Industry Median: 83.76 vs INEOF: 499.89

INEO Tech's Days Payable increased from Dec. 2023 (212.42) to Dec. 2024 (657.65). It may suggest that INEO Tech delayed paying its suppliers.

INEO Tech Days Payable Historical Data

The historical data trend for INEO Tech'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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INEO Tech Days Payable Chart

INEO Tech Annual Data

Trend

May11

May12

May17

May18

May19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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70.35

89.54

92.51

101.39

281.52

INEO Tech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															212.42	470.53	384.81	537.86	657.65

Competitive Comparison of INEO Tech's Days Payable

For the Advertising Agencies subindustry, INEO Tech'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.

INEO Tech's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, INEO Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where INEO Tech's Days Payable falls into.

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INEO Tech 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.

INEO Tech's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.297	+	0.735)	/	2 )	/	0.669	*	365
=	0.516					/	0.669	*	365
=	281.52

INEO Tech's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.715	+	0.712)	/	2 )	/	0.099	*	365 / 4
=	0.7135					/	0.099	*	365 / 4
=	657.65

INEO Tech Days Payable Related Terms

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INEO Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » INEO Tech Corp (OTCPK:INEOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INEO:Canada

Address

No 105 - 19130 24th Avenue, Surrey, BC, CAN, V3Z 3S9

Website

https://www.ineosolutionsinc.com

INEO Tech Corp is engaged in operating of the INEO Media Network for retailers, which provides retail analytics and targeted advertising through its cloud-based IoT (Internet of Things) and AI (Artificial Intelligence) technology. The Company operates the INEO Media Network using a SaaS-based model for retail stores. The operating segments of the company are Loss Prevention, Fabrication, Retail Media, and other.