SPTY (Specificity) Days Payable : 68.95 (As of Dec. 2023)

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What is Specificity Days Payable?

Specificity's average Accounts Payable for the three months ended in Dec. 2023 was $0.10 Mil. Specificity's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.13 Mil. Hence, Specificity's Days Payable for the three months ended in Dec. 2023 was 68.95.

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

SPTY's Days Payable is not ranked ^*
in the Media - Diversified industry.
Industry Median: 83.76
* Ranked among companies with meaningful Days Payable only.

Specificity's Days Payable increased from Dec. 2022 (22.33) to Dec. 2023 (68.95). It may suggest that Specificity delayed paying its suppliers.

Specificity Days Payable Historical Data

The historical data trend for Specificity'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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Specificity Days Payable Chart

Specificity Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

22.57

36.68

87.58

Specificity Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								22.33	89.31	103.06	591.37	68.95

Competitive Comparison of Specificity's Days Payable

For the Advertising Agencies subindustry, Specificity'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.

Specificity's Days Payable Distribution in the Media - Diversified Industry

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

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

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Specificity 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.

Specificity'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
=	( (0.094	+	0.097)	/	2 )	/	0.398	*	365
=	0.0955					/	0.398	*	365
=	87.58

Specificity'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
=	( (0.104	+	0.097)	/	2 )	/	0.133	*	365 / 4
=	0.1005					/	0.133	*	365 / 4
=	68.95

Specificity Days Payable Related Terms

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Specificity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Specificity Inc (OTCPK:SPTY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3850 Deer Drive, Unit 1416, Lakewood Ranch, FL, USA, 34202

Website

https://www.specificityinc.com

Specificity Inc is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business to business clients as well as business to consumer clients. It also implements intuitive ad sequencing, audience ID technology, AI integration, saturation modeling, conversion funneling, CRM integration, traffic resolution, and comprehensive analytics reporting. The company principally generates revenue from its digital marketing solution SPECIFICITY. Its other marketing solutions in different stages of development are; Tradigital Partners, Put-Thru, and Pick Pocket. The company also engages in adhoc marketing services for a fee and includes email marketing, automated marketing, content marketing, and social media content creation among others.

Executives

Jason Allen Wood	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	14213 SUNDIAL PL, LAKEWOOD RANCH FL 34202-5894
Kevin Frisbie	director	PO BOX 714, LEWISTON ME 04243
William Mark Anderson	director, officer: CHIEF OPERATING OFFICER	2215 E 4TH AVE, TAMPA FL 33605-5409