Emerson Radio (Emerson Radio) Total Inventories : $5.76 Mil (As of Dec. 2023)

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What is Emerson Radio Total Inventories?

Emerson Radio's total inventories for the quarter that ended in Dec. 2023 was $5.76 Mil. Emerson Radio's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $5.75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Emerson Radio's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emerson Radio's Days Inventory for the three months ended in Dec. 2023 was 244.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emerson Radio's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

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. Emerson Radio's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.19.

Emerson Radio Total Inventories Historical Data

The historical data trend for Emerson Radio'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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Emerson Radio Total Inventories Chart

Emerson Radio Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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3.52

1.92

1.96

2.11

3.81

Emerson Radio Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															2.35	3.81	3.71	5.74	5.76

Emerson Radio 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.

Emerson Radio (AMEX:MSN) 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.

Emerson Radio's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(22.142	+	0.75 * 1.087	+	0.5 * 5.761	-	3.114
-	3.31	-	0)	/	21.0427
=	0.92

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

Emerson Radio's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5.7505	/	2.144	*	365 / 4
	=	244.74

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

Emerson Radio's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2.144	/	5.7505
	=	0.37

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.

Emerson Radio's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5.7505	/	2.622
	=	2.19

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.

Emerson Radio Total Inventories Related Terms

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Emerson Radio (Emerson Radio) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Emerson Radio Corp (AMEX:MSN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

959 Route 46 East, Suite 210, Parsippany, NJ, USA, 07054

Website

https://www.emersonradio.com

Emerson Radio Corp operates in the consumer electronics industry. The company designs, sources, imports, and markets a variety of houseware and consumer electronic products, and licenses the Emerson trademark domestically and internationally. Its products are offered to encompass televisions, digital versatile disc players and video cassette recorders, audio accessories, microwave ovens, home theatres, high-end audio products, office products, mobile stereo, and wireless products. geographically, it derives a majority of its revenue from the United States.

Executives

Richard Li	officer: Chief Financial Officer	C/O EMERSON RADIO CORP., 35 WATERVIEW BLVD., SUITE 140, PARSIPPANY NJ 07054
Omen Charm Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Bingzhao Tan	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Guichai He	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ocean Rose Global Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Wealth Warrior Global Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Praisewise Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Merchant Link Holdings Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Splendid Brilliance (ptc) Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Aurizon Enterprises Ltd	10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Rise Vision Global Ltd	director, 10 percent owner	UNIT C, 32/F., TML TOWER, NO. 3 HOI SHING ROAD, TSUEN WAN, NEW TERRITORIES K3 NO ZIP
Ho Wing On Christopher	director	146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909
Kin S Yuen	director	C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Accolade (ptc) Inc.	10 percent owner	C/O 12TH FLOOR, THE GRANDE BUILDING, 398 KWUN TONG ROAD, KOWLOON K3 NONE
Ho Family Trust	10 percent owner	146 ROBINSON ROAD, #01-01, SINGAPORE U0 068909