LoJack's total inventories for the quarter that ended in Dec. 2015 was $7.3 Mil. LoJack's average total inventories from the quarter that ended in Sep. 2015 to the quarter that ended in Dec. 2015 was $7.1 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LoJack's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was $-0.36.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
LoJack's Days Inventory for the
three
months ended in Dec. 2015 was 45.63.
Inventory Turnover measures how fast the company turns over its inventory within a year.
LoJack's Inventory Turnover for the quarter that ended in Dec. 2015 was 2.00.
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.
LoJack's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.21.
LoJack Total Inventories Historical Data
The historical data trend for LoJack'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.
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.
LoJack (NAS:LOJN) 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.
LoJack's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 is
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.
LoJack's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as
* 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.
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.
LoJack Total Inventories Related Terms
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LoJack Corp was organized as a Massachusetts corporation in 1978. The Company is a provider of technology products and services for the tracking and recovery of valuable mobile assets and people at risk of wandering, or people at risk. It also offers fleet telematics solutions designed for monitoring and managing fleets ranging from 5 to 5,000 vehicles. These solutions can be customized to meet the safety, security and protection needs of a wide-range of companies in the world of the connected car. The Company has three business segments: North America, International and All Other. Its North America segment is comprised of its domestic operations, which sell products that operate in 28 states and the District of Columbia in the United States, and its Canadian operations provide recovery products and services in the Provinces of Ontario and Quebec. The International segment sells products and licenses or owns and operates LoJack proprietary vehicle recovery technology in 30 countries and territories throughout Europe, Africa and Latin America and through its wholly owned subsidiary in Italy, LoJack Italia, SRL, or LoJack Italia. The All Other segment includes LoJack SafetyNet Inc., which provides technology for the tracking and rescue of people at risk of wandering, or people at risk, and LoJack SC-Integrity, Inc., which provides technology for the tracking and recovery of valuable cargo and business information. The Company's LoJack Stolen Vehicle Recovery System is based on very high frequency technology. In the United States, the LoJack System is comprised of three components: a Registration System, which it maintains and operates; Sector Activation System and Vehicle Tracking Units referred to as the Law Enforcement Components, each of which is maintained by the Company and operated by law enforcement officials; and a LoJack Unit, which is installed in customers' vehicles or equipment. The Company's LoJack Unit consists of a VHF transponder with a hidden antenna; microprocessor and power supply and contains a set of secret codes unique to the LoJack Unit. The LoJack Early Warning is sold as an optional component of the LoJack System, provides early notification to a vehicle or motorcycle owner in the event of operation by an unauthorized user; and consists of a uniquely coded key pass and a motion sensor that works with the LoJack Unit to monitor vehicle movement and detect the presence of the registered owner's key pass. LoJack for Construction Equipment is designed for installation on heavy equipment. LoJack for Motorcycles is designed specifically for installation in on road motorcycles. It also offers warranty products such as LoJack Extended Limited Recovery Warranty, LoJack Guarantee Plus 5000 and LoJack Protection Plus 5000. The LoJack Fleet Management system is comprised of a GPS-based location device; a Software as a Service based application used for tracking, monitoring and reporting from desktop browser to smartpho
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