Universal Security Instruments (Universal Security Instruments) Total Inventories : $4.88 Mil (As of Dec. 2023)

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What is Universal Security Instruments Total Inventories?

Universal Security Instruments's total inventories for the quarter that ended in Dec. 2023 was $4.88 Mil. Universal Security Instruments's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4.92 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Universal Security Instruments's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Security Instruments's Days Inventory for the three months ended in Dec. 2023 was 142.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Universal Security Instruments's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.64.

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. Universal Security Instruments's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.06.

Universal Security Instruments Total Inventories Historical Data

The historical data trend for Universal Security Instruments'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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Universal Security Instruments Total Inventories Chart

Universal Security Instruments Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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6.85

5.12

4.18

6.23

4.06

Universal Security Instruments 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															4.44	4.06	2.88	4.97	4.88

Universal Security Instruments 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.

Universal Security Instruments (AMEX:UUU) 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.

Universal Security Instruments'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)
=	(0.039	+	0.75 * 0.647	+	0.5 * 4.881	-	3.464
-	0	-	0)	/	2.31289
=	-0.22

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

Universal Security Instruments'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
	=	4.9245	/	3.153	*	365 / 4
	=	142.52

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

Universal Security Instruments'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 )
	=	3.153	/	4.9245
	=	0.64

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.

Universal Security Instruments'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 )
	=	4.9245	/	4.655
	=	1.06

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.

Universal Security Instruments Total Inventories Related Terms

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Universal Security Instruments (Universal Security Instruments) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

11407 Cronhill Drive, Suite A, Owings Mills, MD, USA, 21117

Website

https://www.universalsecurity.com

Universal Security Instruments Inc is a U.S based manufacturer and distributor of safety and security devices in the Peoples Republic of China . The company markets a line of residential smoke and carbon monoxide alarms under the trade names UNIVERSAL and USI Electric. It also markets products to the electrical distribution trade such as electrical and lighting distributors as well as manufactured housing companies. Its product portfolio consists of smoke and fire alarms, carbon monoxide alarms, multi-gas alarms, universal smoke sensing technology, and plug-in alarms.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
North Star Investment Management Corp.	other: SEE NOTE 2 BELOW	20 N. WACKER DRIVE, SUITE # 1416, CHICAGO IL 60606
North Star Micro Cap Fund	10 percent owner	80 ARKAY DRIVE, SUITE 110, HAUPPAUGE NY 11788
Ira Bormel	director	11407 CRONHILL DRIVE, SUITE A, OWINGS MILLS MD 21117
Harvey B Grossblatt	director, officer: President, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald A Seff	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Howard B Silverman	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Cary Luskin	director	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Michael L Kovens	10 percent owner	6 REGENCY CT, BALTIMORE MD 21208
James Ballard Huff	officer: Chief Financial Officer	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Ronald S Lazarus	10 percent owner	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117
Stephen C Knepper	director, 10 percent owner, officer: Chairman, CEO	7-A GWYNNS MILL COURT, OWINGS MILLS MD 21117