Koss (KOSS) Total Inventories

: $5.17 Mil (As of Dec. 2023)

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Koss's total inventories for the quarter that ended in Dec. 2023 was $5.17 Mil. Koss's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $5.47 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Koss's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Koss's Days Inventory for the three months ended in Dec. 2023 was 221.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Koss's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.41.

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. Koss's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.63.

Koss Total Inventories Historical Data

The historical data trend for Koss'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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Koss Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

6.85

5.54

5.90

8.63

6.42

Koss Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																7.83	7.08	6.42	5.78	5.17

Koss 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.

Koss (NAS:KOSS) 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.

Koss'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)
=	(14.596	+	0.75 * 1.514	+	0.5 * 5.167	-	6.602
-	0	-	0)	/	9.2548
=	1.27

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

Koss'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
	=	5.473	/	2.252	*	365 / 4
	=	221.76

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

Koss'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 )
	=	2.252	/	5.473
	=	0.41

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.

Koss'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 )
	=	5.473	/	3.36
	=	1.63

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.

Koss Total Inventories Related Terms

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Koss (KOSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Koss Corp (NAS:KOSS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4129 North Port Washington Avenue, Milwaukee, WI, USA, 53212

Website

https://www.koss.com

Koss Corp is engaged in the design, manufacture, and sale of stereo headphones and related accessory products. It operates in the audio/video industry segment of the home entertainment industry. The company markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, and active noise-cancelling headphones. The majority of the firm's revenue is derived from sales of stereo headphones.

Executives

William Jesse Sweasy	director	401 LEVEE STREET, RED WING MN 55066
Kim M. Schulte	officer: Chief Financial Officer	4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
David Donnan Smith	officer: EVP and CFO	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Koss Michael J Jr	officer: VP Marketing & Product	4129 N PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
Michael J Koss	officer: President and CEO	C/O GENIUS PRODUCTS, INC., 740 LOMAS SANTA FE, SUITE 210, SOLANA BEACH CA 92075
Koss John C Jr	officer: Vice President - Sales	C/O KOSS CORPORATION, 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Thomas L. Doerr	director	4129 N. PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Lenore Lillie	officer: VP - Operations	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Nancy Koss 2012 Trust, Dated 12/20/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Steven A Leveen	director	1030 SEA SPRAY AVENUE, DELRAY BEACH FL 33483
Theodore Nixon	director	100 SOUTH SPRING STREET, LOUISVILLE KY 40206
Elizabeth A Uecker	officer: Secretary	4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
John C Koss	director	4129 NORTH PORT WASHINGTON AVE, MILWAUKEE WI 53212
Nancy L Koss	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217
Koss Family Trust, Dated 9/11/12	10 percent owner	1492 W. CALUMET CT., RIVER HILLS WI 53217