INND (Innerscope Hearing Technologies) Days Payable: 27,154.48 (As of Dec. 2020)


What is Innerscope Hearing Technologies Days Payable?

Innerscope Hearing Technologies INND +33.33% Days Payable is 27,154.48 as of Dec. 2020.

Innerscope Hearing Technologies's average Accounts Payable for the three months ended in Dec. 2020 was $1.79 Mil. Innerscope Hearing Technologies's Cost of Goods Sold for the three months ended in Dec. 2020 was $0.01 Mil. Hence, Innerscope Hearing Technologies's Days Payable for the three months ended in Dec. 2020 was 27,154.48.

The historical rank and industry rank for Innerscope Hearing Technologies's Days Payable or its related term are showing as below:

INND's Days Payable is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 68.07
* Ranked among companies with meaningful Days Payable only.

Innerscope Hearing Technologies's Days Payable increased from Dec. 2019 (548.36) to Dec. 2020 (27,154.48). It may suggest that Innerscope Hearing Technologies delayed paying its suppliers.

Innerscope Hearing Technologies Days Payable Related Terms

Innerscope Hearing Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Days Payable Chart

Innerscope Hearing Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial 19.96 135.32 1,399.84 936.37 8,350.04

Innerscope Hearing Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 548.36 2,527.07 16,744.38 29,820.50 27,154.48

INND vs NWCN, NCAP, MOBQ: Days Payable Comparison

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Days Payable vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Innerscope Hearing Technologies's Days Payable falls into.


Innerscope Hearing Technologies 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.

Innerscope Hearing Technologies's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (1.316 + 1.841) / 2 ) / 0.069*365
=1.5785 / 0.069*365
=8,350.04

Innerscope Hearing Technologies's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (1.73 + 1.841) / 2 ) / 0.006*365 / 4
=1.7855 / 0.006*365 / 4
=27,154.48

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 27,154.48 mean?
Innerscope Hearing Technologies (INND) has a Days Payable of 27,154.48 as of Dec. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Innerscope Hearing Technologies and its competitors.
Is Innerscope Hearing Technologies' Days Payable too high?
Innerscope Hearing Technologies' current Days Payable is 27,154.48. The Medical Devices & Instruments industry median Days Payable is 68.07. Innerscope Hearing Technologies' value of 27,154.48 is 39792% above this industry median.
How does Innerscope Hearing Technologies' Days Payable compare to NWCN and NCAP?
Innerscope Hearing Technologies' Days Payable of 27,154.48 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Payable is 68.07. Innerscope Hearing Technologies' value of 27,154.48 is 39792% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 68.07, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innerscope Hearing Technologies's current Days Payable of 27,154.48 is 39792% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Innerscope Hearing Technologies and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 68.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innerscope Hearing Technologies's current Days Payable is 27,154.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innerscope Hearing Technologies stock overvalued right now?
Innerscope Hearing Technologies (INND) has a current Days Payable of 27,154.48. The current Days Payable is 27,154.48 and 39792% above the Medical Devices & Instruments industry median of 68.07. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Innerscope Hearing Technologies (INND), the current Days Payable is 27,154.48 as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Innerscope Hearing Technologies Business Description

Address 2151 Professional Drive, Suite 105, Roseville, CA, USA, 95661
Innerscope Hearing Technologies Inc is a manufacturer and distributor of OTC Hearing Aids, Hearing Aid Accessories & Hearing Health-Related Products (Hearing Products) dedicated to addressing the demand for affordable hearing solutions. The company operates retail hearing device clinics in California. InnerScope is focused on leveraging these strategic assets to identify, incubate, and support health-technology ventures positioned for growth in public markets and long-term shareholder value creation.