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Cowen (COWN) Total Inventories : $0 Mil (As of Dec. 2022)


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What is Cowen Total Inventories?

Cowen's total inventories for the quarter that ended in Dec. 2022 was $0 Mil. Cowen's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cowen's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-227.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cowen's Days Inventory for the three months ended in Dec. 2022 was 0.00.

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

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. Cowen's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.00.


Cowen Total Inventories Historical Data

The historical data trend for Cowen'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.

* Premium members only.

Cowen Total Inventories Chart

Cowen Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Total Inventories
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Cowen Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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Cowen 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.


Cowen  (NAS:COWN) 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.

Cowen's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

Net-Net Working Capital Per Share (Q: Dec. 2022 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1139.682+0.75 * 281.38+0.5 * 0-7480.929
-120.75-162.923)/28.2343
=-227.17

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

Cowen's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=0/351.944*365 / 4
=0.00

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

Cowen's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2022 ) / Average Total Inventories (Q: Dec. 2022 )
=351.944 / 0
=N/A

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.

Cowen's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=0 / 413.927
=0.00

* 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.


Cowen Total Inventories Related Terms

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Cowen (COWN) Business Description

Traded in Other Exchanges
N/A
Address
599 Lexington Avenue, 20th Floor, New York, NY, USA, 10022
Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.
Executives
Lorence H. Kim director C/O SERES HEALTH, INC., 161 FIRST STREET, CAMBRIDGE MA 02472
Brett H Barth director COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Stephen Lasota officer: Chief Financial Officer 599 LEXINGTON AVENUE, NEW YORK NY 10022
John J Holmes officer: Chief Administrative Officer COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Owen S Littman officer: General Counsel COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, officer: Chmn Inv Comm/Prod Dev 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Gregg A Gonsalves director C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Lawrence E Leibowitz director C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Margaret L Poster director C/O COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Peter A Cohen director, 10 percent owner, officer: Chairman, CEO, President 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Douglas Rediker director 599 LEXINGON AVENUE, NEW YORK NY 11022
Michael Singer officer: CEO & President, Ramius LLC 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jerome S Markowitz director C/O COUGAR TRADING, 375 PARK AVENUE, NEW YORK NY 10021
Labranche George M L Iv director, officer: Senior Managing Director ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008
Labranche & Co Inc other: See Footnotes (1) and (2) ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008