Kratos Defense & Security Solutions (Kratos Defense & Security Solutions) Total Inventories

: $156 Mil (As of Dec. 2023)

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Kratos Defense & Security Solutions's total inventories for the quarter that ended in Dec. 2023 was $156 Mil. Kratos Defense & Security Solutions's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $153 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kratos Defense & Security Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kratos Defense & Security Solutions's Days Inventory for the three months ended in Dec. 2023 was 69.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kratos Defense & Security Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.32.

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. Kratos Defense & Security Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Kratos Defense & Security Solutions Total Inventories Historical Data

The historical data trend for Kratos Defense & Security Solutions'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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Kratos Defense & Security Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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61.10

81.20

91.70

125.50

156.20

Kratos Defense & Security Solutions 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															125.50	134.00	145.90	150.10	156.20

Kratos Defense & Security Solutions 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.

Kratos Defense & Security Solutions (NAS:KTOS) 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.

Kratos Defense & Security Solutions'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)
=	(72.8	+	0.75 * 128.7	+	0.5 * 156.2	-	634
-	0	-	22.5)	/	129.287
=	-3.16

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

Kratos Defense & Security Solutions'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
	=	153.15	/	201.9	*	365 / 4
	=	69.22

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

Kratos Defense & Security Solutions'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 )
	=	201.9	/	153.15
	=	1.32

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.

Kratos Defense & Security Solutions'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 )
	=	153.15	/	273.8
	=	0.56

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.

Kratos Defense & Security Solutions Total Inventories Related Terms

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Kratos Defense & Security Solutions (Kratos Defense & Security Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kratos Defense & Security Solutions Inc (NAS:KTOS) » Definitions » Total Inventories

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Traded in Other Exchanges

WF5A:Germany WF5A:Germany

Address

1 Chisholm Trail, Suite 300, Round Rock, TX, USA, 78681

Website

https://www.kratosdefense.com

Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems. The company has two segments; The Kratos Government Solutions (KGS) segment is comprised of an aggregation of KGS operating segments, including its microwave electronic products, space, training, and cybersecurity, C5ISR/modular systems, turbine technologies, and defense and rocket support services operating segments and The Unmanned Systems segment consists of unmanned aerial, unmanned ground, unmanned seaborne and related command, control, and communications system businesses. The company derives a majority of its revenue from the Kratos Government Solutions segment.

Executives

Phillip D Carrai	officer: President, TTS Division	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Deanna Hom Lund	officer: Senior Vice President & CFO	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Steven S. Fendley	officer: President, US Division	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Mills Thomas E Iv	officer: Modular Systems Div. President	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Marie Mendoza	officer: VP & General Counsel	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Stacey G Rock	officer: President, KTT Division	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Bradley L Boyd	director	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Daniel J Hagen	director	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Benjamin M. Goodwin	officer: President, PSS Division	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Jonah Adelman	officer: Pres., Microwave Elec. Div.	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Jane Elizabeth Judd	director	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Cervantes De Burgreen Maria	officer: VP & Corporate Controller	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Samuel N Liberatore	director	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Eric M Demarco	director, officer: President & CEO	10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131
Scott I Anderson	director	C/O KRATOS DEFENSE & SECURITY SOLUTIONS, 10680 TREENA STREET, SUITE 600, SAN DIEGO CA 92131