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VOXX International (VOXX International) Total Inventories : $146.2 Mil (As of Nov. 2023)


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What is VOXX International Total Inventories?

VOXX International's total inventories for the quarter that ended in Nov. 2023 was $146.2 Mil. VOXX International's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was $160.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. VOXX International's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $-1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VOXX International's Days Inventory for the three months ended in Nov. 2023 was 147.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. VOXX International's Inventory Turnover for the quarter that ended in Nov. 2023 was 0.62.

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. VOXX International's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 1.18.


VOXX International Total Inventories Historical Data

The historical data trend for VOXX International'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.

VOXX International Total Inventories Chart

VOXX International Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.38 99.11 130.79 174.92 175.13

VOXX International Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 193.00 175.13 184.36 174.20 146.24

VOXX International 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.


VOXX International  (NAS:VOXX) 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.

VOXX International's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

Net-Net Working Capital Per Share (Q: Nov. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(10.393+0.75 * 91.631+0.5 * 146.244-223.753
-0--41.652)/22.593
=-1.32

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

VOXX International's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=160.2195/98.918*365 / 4
=147.80

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

VOXX International's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Nov. 2023 ) / Average Total Inventories (Q: Nov. 2023 )
=98.918 / 160.2195
=0.62

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.

VOXX International's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2023 ) / Revenue (Q: Nov. 2023 )
=160.2195 / 135.26
=1.18

* 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.


VOXX International Total Inventories Related Terms

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VOXX International (VOXX International) Business Description

Traded in Other Exchanges
Address
2351 J. Lawson Boulevard, Orlando, FL, USA, 32824
VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.
Executives
Beat Kahli 10 percent owner AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828
Steven R Downing director 14814 CREEK EDGE DRIVE, HOLLAND MI 49424
Peter A Lesser director C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518
Patrick M Lavelle director, officer: Senior Vice President 150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788
John J Shalam director, 10 percent owner, officer: President and C.E.O. 180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518
Holding Ag Kahli 10 percent owner RIESBACHSTRASSE 57, ZURICH V8 8008
Edward David Mas officer: President Voxx Automotive Corp C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788
John Jr Adamovich director 180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788
Kreuch Paul C Jr director C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518
Ari Shalam director C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788
Denise W. Gibson director 140 SCHOOL STREET, LIBERTYVILLE IL 60048
Oscar Leonard Bernardo officer: COO Klipsch Group Inc. C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Ian Sebastian Geise officer: President Voxx Accessories C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788
Michael F Klipsch officer: Pres. Global Operations of KGI 180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788
Ludwig Geis officer: CEO VOXX Hirschmann Corp STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654