Kore Group Holdings (Kore Group Holdings) Inventory-to-Revenue : 0.13 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Kore Group Holdings Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Dec. 2023 was $9.1 Mil. Kore Group Holdings's Revenue for the three months ended in Dec. 2023 was $72.5 Mil. Kore Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Kore Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.13) to Sep. 2023 (0.13)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

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 Dec. 2023 was 23.29.

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 Dec. 2023 was 3.92.

Kore Group Holdings Inventory-to-Revenue Historical Data

The historical data trend for Kore Group Holdings's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

0.03

0.04

0.05

0.03

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial										0.15	0.14	0.12	0.13	0.13

Competitive Comparison of Kore Group Holdings's Inventory-to-Revenue

For the Telecom Services subindustry, Kore Group Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kore Group Holdings's Inventory-to-Revenue Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Kore Group Holdings's Inventory-to-Revenue falls into.

Kore Group Holdings Inventory-to-Revenue Calculation

Kore Group Holdings's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (10.051	+	8.215)	/	2 )	/	276.61
=	9.133					/	276.61
=	0.03

Kore Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (9.925	+	8.215)	/	2 )	/	72.466
=	9.07					/	72.466
=	0.13

Kore Group Holdings (NYSE:KORE) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. 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 Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9.07	/	35.534	*	365 / 4
	=	23.29

2. 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 Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	35.534	/	9.07
	=	3.92

Kore Group Holdings Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Kore Group Holdings's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (NYSE:KORE) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

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).

Executives

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
Louise P Winstone	officer: See Remarks	3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
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