Koss (KOSS) Accounts Receivable : $1.20 Mil (As of Mar. 2024)

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What is Koss Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Koss's accounts receivables for the quarter that ended in Mar. 2024 was $1.20 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Koss's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 41.40.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Koss's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.72.

Koss Accounts Receivable Historical Data

The historical data trend for Koss's Accounts Receivable 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 Accounts Receivable Chart

Koss Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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3.66

2.32

2.24

1.85

1.38

Koss Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															1.24	1.38	1.33	1.51	1.20

Koss Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Koss Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Koss's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.197	/	2.638	*	91
=	41.40

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Koss's accounts receivable are only considered to be worth 75% of book value:

Koss's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.933	+	0.75 * 1.197	+	0.5 * 4.661	-	6.482
-	0	-	0)	/	9.2548
=	0.72

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Koss Accounts Receivable Related Terms

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Koss (KOSS) Business Description

Industry

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

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