Koss (KOSS) Days Payable : 9.97 (As of Dec. 2023)

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What is Koss Days Payable?

Koss's average Accounts Payable for the three months ended in Dec. 2023 was $0.25 Mil. Koss's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.25 Mil. Hence, Koss's Days Payable for the three months ended in Dec. 2023 was 9.97.

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

KOSS' s Days Payable Range Over the Past 10 Years
Min: 11.48 Med: 36.89 Max: 53.62
Current: 11.48

During the past 13 years, Koss's highest Days Payable was 53.62. The lowest was 11.48. And the median was 36.89.

KOSS's Days Payable is ranked worse than
98.18% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs KOSS: 11.48

Koss's Days Payable declined from Dec. 2022 (17.14) to Dec. 2023 (9.97). It may suggest that Koss accelerated paying its suppliers.

Koss Days Payable Historical Data

The historical data trend for Koss'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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Koss Days Payable Chart

Koss Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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34.81

32.67

17.46

19.83

22.47

Koss Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															17.14	14.02	12.58	9.83	9.97

Competitive Comparison of Koss's Days Payable

For the Consumer Electronics subindustry, Koss'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.

Koss's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Koss's Days Payable distribution charts can be found below:

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

Koss 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.

Koss's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.796	+	0.268)	/	2 )	/	8.643	*	365
=	0.532					/	8.643	*	365
=	22.47

Koss'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
=	( (0.229	+	0.263)	/	2 )	/	2.252	*	365 / 4
=	0.246					/	2.252	*	365 / 4
=	9.97

Koss Days Payable Related Terms

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Koss (KOSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Koss Corp (NAS:KOSS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4129 North Port Washington Avenue, Milwaukee, WI, USA, 53212

Website

https://www.koss.com

Koss Corp is engaged in the design, manufacture, and sale of stereo headphones and related accessory products. It operates in the audio/video industry segment of the home entertainment industry. The company markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, and active noise-cancelling headphones. The majority of the firm's revenue is derived from sales of stereo headphones.

Executives

William Jesse Sweasy	director	401 LEVEE STREET, RED WING MN 55066
Kim M. Schulte	officer: Chief Financial Officer	4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
David Donnan Smith	officer: EVP and CFO	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Koss Michael J Jr	officer: VP Marketing & Product	4129 N PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
Michael J Koss	officer: President and CEO	C/O GENIUS PRODUCTS, INC., 740 LOMAS SANTA FE, SUITE 210, SOLANA BEACH CA 92075
Koss John C Jr	officer: Vice President - Sales	C/O KOSS CORPORATION, 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Thomas L. Doerr	director	4129 N. PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Lenore Lillie	officer: VP - Operations	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Nancy Koss 2012 Trust, Dated 12/20/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Steven A Leveen	director	1030 SEA SPRAY AVENUE, DELRAY BEACH FL 33483
Theodore Nixon	director	100 SOUTH SPRING STREET, LOUISVILLE KY 40206
Elizabeth A Uecker	officer: Secretary	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
John C Koss	director	4129 NORTH PORT WASHINGTON AVE, MILWAUKEE WI 53212
Nancy L Koss	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Koss Family Trust, Dated 9/11/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217