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Sonic Foundry's total inventories for the quarter that ended in Sep. 2023 was $1.86 Mil. Sonic Foundry's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $2.19 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sonic Foundry's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-1.75.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sonic Foundry's Days Inventory for the three months ended in Sep. 2023 was 85.13.
Inventory Turnover measures how fast the company turns over its inventory within a year. Sonic Foundry's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.07.
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. Sonic Foundry's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.39.
The historical data trend for Sonic Foundry'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.
Sonic Foundry Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 0.56 | 1.17 | 0.44 | 1.46 | 1.86 |
Sonic Foundry Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Total Inventories | Get a 7-Day Free Trial | 1.46 | 2.55 | 2.81 | 2.53 | 1.86 |
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.
Sonic Foundry (OTCPK:SOFO) 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.
Sonic Foundry's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is
Net-Net Working Capital Per Share (Q: Sep. 2023 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.84 | + | 0.75 * 4 | + | 0.5 * 1.855 | - | 26.002 |
- | 0 | - | 0) | / | 12.1394 | ||
= | -1.75 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic Foundry's Days Inventory for the three months ended in Sep. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2023 ) | / | Cost of Goods Sold (Q: Sep. 2023 ) | * | Days in Period |
= | 2.1905 | / | 2.348 | * | 365 / 4 | |
= | 85.13 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Sonic Foundry's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2023 ) | / | Average Total Inventories (Q: Sep. 2023 ) |
= | 2.348 | / | 2.1905 | |
= | 1.07 |
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.
Sonic Foundry's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | 2.1905 | / | 5.575 | |
= | 0.39 |
* 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.
Thank you for viewing the detailed overview of Sonic Foundry's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Wiegand | director | 8215 GREENWAY BLVD, SUITE 340, MIDDLETON WI 53562 |
Ron W Busslinger | 10 percent owner | 27901 VIA DEL AGUA, LAGUNA NIGUEL CA 92677 |
Joe Jr Mozden | director | 3423 WILD PRAIRIE LN, GENEVA IL 60134 |
Kenneth A Minor | officer: Chief Financial Officer | |
Nelson A Murphy | director | 2300 W INNES ST, SALISBURY NC 28144 |
Taha Jangda | director | 3827 LINKLEA DRIVE, HOUSTON TX 77025 |
Lawrence William St | director | 23 ASHLAND STREET, NEWBURYPORT MA 01950-1905 |
Kelsy L Boyd | director | 2839 PLEASANT VIEW HTS, COTTAGE GROVE WI 53527 |
Michael Norregaard | officer: Chief Operating Officer | 4891 ENCHANTED VALLEY ROAD, MIDDLETON WI 53562 |
Andrew D. Burish | 10 percent owner | 8020 EXCELSIOR DRIVE, MADISON WI 53717 |
David Slayton | director | 701 WASHINGTON AVE N. SUITE #400, MINNEAPOLIS WI 55401 |
Gary Weis | director, officer: Chief Executive Officer & CTO | |
Kopko Frederick H Jr | director | 4901 S ELLIS AVE, CHICAGO IL 60615 |
Mark D Burish | director | HURLEY, BURISH, MILLIKEN S.C., 301 NORTH BROOM STREET, MADISON WI 53703 |
David Kleinman | director |
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