Communications Systems (Communications Systems) Total Inventories : $0.20 Mil (As of Dec. 2021)

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What is Communications Systems Total Inventories?

Communications Systems's total inventories for the quarter that ended in Dec. 2021 was $0.20 Mil. Communications Systems's average total inventories from the quarter that ended in Sep. 2021 to the quarter that ended in Dec. 2021 was $0.16 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Communications Systems's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Communications Systems's Days Inventory for the three months ended in Dec. 2021 was 12.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Communications Systems's Inventory Turnover for the quarter that ended in Dec. 2021 was 7.07.

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. Communications Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.09.

Communications Systems Total Inventories Historical Data

The historical data trend for Communications Systems's Total Inventories 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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Communications Systems Total Inventories Chart

Communications Systems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

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13.98

12.00

8.53

0.14

0.20

Communications Systems Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Total Inventories	Get a 7-Day Free Trial															0.14	8.22	7.93	0.12	0.20

Communications Systems Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Communications Systems (NAS:JCS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Communications Systems's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 is

	Net-Net Working Capital Per Share (Q: Dec. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.626	+	0.75 * 1.802	+	0.5 * 0.195	-	3.056
-	0	-	0)	/	9.72063
=	0.21

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Communications Systems's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.158	/	1.117	*	365 / 4
	=	12.91

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Communications Systems's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2021 )	/	Average Total Inventories (Q: Dec. 2021 )
	=	1.117	/	0.158
	=	7.07

4. 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.

Communications Systems's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.158	/	1.697
	=	0.09

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Communications Systems Total Inventories Related Terms

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Communications Systems (Communications Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Communications Systems Inc (NAS:JCS) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

10900 Red Circle Drive, Minnetonka, MN, USA, 55343

Website

http://www.commsystems.com

Communications Systems Inc is a telecommunications firm. Its Electronics & Software segment manufactures and sells solutions that provide actionable intelligence, power and connectivity at the edge of networks through PoE products, software and services as well as traditional products and designs, develops, and sells edge network access products, TDM over IP and other circuit emulation solutions; and Services and Support segment provides technology solutions including virtualization, managed services, wired and wireless network design and implementation, and hybrid cloud infrastructure and deployment and designs, develops, and sells SD-WAN solutions. It operates in North America; Europe, the Middle East, Africa and the Rest of world.

Executives

Northern Pacific Growth Investment Advisors, Llc	10 percent owner	315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Tom Holland	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Kyle Udseth	director, officer: CHIEF EXECUTIVE OFFICER	NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Mike Siegler	officer: Senior Vice President	10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar	director, officer: President/CEO	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Michael R. Zapata	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Mark Fandrich	officer: CFO	17400 6TH AVE. N., PLYMOUTH MN 55447
Kristin Hlavka	other: Controller	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Fluegge	officer: VP	12946 66TH ST N, WEST PALM BEACH FL 33412
Roger Hd Lacey	director	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster	director	4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth	director
Curtis A Sampson	director, 10 percent owner, officer: CEO	PO BOX 777, S MAIN ST, HECTOR MN 55342