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KORE (Kore Group Holdings) Total Inventories : $7.6 Mil (As of Sep. 2024)


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What is Kore Group Holdings Total Inventories?

Kore Group Holdings's total inventories for the quarter that ended in Sep. 2024 was $7.6 Mil. Kore Group Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $7.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kore Group Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-29.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kore Group Holdings's Days Inventory for the three months ended in Sep. 2024 was 22.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kore Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.99.

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. Kore Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.11.


Kore Group Holdings Total Inventories Historical Data

The historical data trend for Kore Group Holdings'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.

Kore Group Holdings Total Inventories Chart

Kore Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
- 5.84 15.47 10.05 8.22

Kore Group Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 9.93 8.22 7.61 7.84 7.55

Kore Group Holdings 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.


Kore Group Holdings  (NYSE:KORE) 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.

Kore Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.607+0.75 * 45.812+0.5 * 7.554-551.152
-0-0)/16.9194
=-29.22

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

Kore Group Holdings's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=7.698/30.719*365 / 4
=22.87

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

Kore Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=30.719 / 7.698
=3.99

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.

Kore Group Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=7.698 / 68.92
=0.11

* 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.


Kore Group Holdings Total Inventories Related Terms

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Kore Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
3 Ravinia Drive, Suite 500, Atlanta, GA, USA, 30346
Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.
Executives
Louise P Winstone officer: See Remarks 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
Romil Bahl director, officer: Chief Executive Officer 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Jason Dietrich officer: EVP, Chief Rev. Officer 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346
Twilio Inc 10 percent owner 101 SPEAR STREET, SUITE 500, San Francisco CA 94105
Robert P Macinnis director C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Tomer Yosef-or director C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199
Kennedy Jack William Jr. officer: See Remarks 1871 ASPEN DR NE, ATLANTA GA 30345
Tushar K. Sachdev officer: See Remarks 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Paul Holtz officer: See Remarks C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Wood River Capital, Llc 10 percent owner 4111 E. 37TH STREET N, WICHITA KS 67220
James E Geisler director 2087 BRIDGEPORT DR, LEXINGTON KY 40502
Paulett Eberhart director C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Mark A Neporent director C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022
R Michael Thurston officer: See Remarks 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220