Koss Accounts Payable vs Cash Analysis
KOSS Stock | USD 5.52 0.74 15.48% |
Koss financial indicator trend analysis is infinitely more than just investigating Koss recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Koss is a good investment. Please check the relationship between Koss Accounts Payable and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Koss Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Koss Accounts Payable account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Koss' Accounts Payable and Cash is -0.56. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Koss Corporation, assuming nothing else is changed. The correlation between historical values of Koss' Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Koss Corporation are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Koss' Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Koss obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Koss are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash
Cash refers to the most liquid asset of Koss, which is listed under current asset account on Koss Corporation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Koss customers. The amounts must be unrestricted with restricted cash listed in a different Koss account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Koss' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Koss current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Koss Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, Koss' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 393.7 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (1.65) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 5.7M | 29.4M | 33.8M | 35.5M | Cost Of Revenue | 11.0M | 8.6M | 7.8M | 7.4M |
Koss fundamental ratios Correlations
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Koss Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Koss fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 22.6M | 26.3M | 30.0M | 38.4M | 44.1M | 25.6M | |
Short Long Term Debt Total | 3.1M | 2.3M | 3.2M | 3.0M | 2.7M | 2.0M | |
Other Current Liab | 563.7K | 669.1K | 532.9K | 776.0K | 698.4K | 663.5K | |
Total Current Liabilities | 2.6M | 2.1M | 2.1M | 2.0M | 2.3M | 4.5M | |
Total Stockholder Equity | 15.2M | 19.6M | 22.7M | 31.5M | 36.2M | 38.0M | |
Property Plant And Equipment Net | 3.6M | 3.6M | 4.3M | 4.0M | 4.6M | 2.7M | |
Net Debt | (910.3K) | (4.6M) | (6.0M) | (66.9K) | (60.2K) | (63.2K) | |
Retained Earnings | 8.2M | 8.7M | 10.0M | 18.3M | 21.0M | 14.9M | |
Cash | 4.0M | 7.0M | 9.2M | 3.1M | 3.6M | 1.9M | |
Non Current Assets Total | 10.4M | 10.8M | 10.1M | 10.0M | 11.5M | 6.6M | |
Cash And Short Term Investments | 4.0M | 7.0M | 9.2M | 20.2M | 23.2M | 24.3M | |
Net Receivables | 2.3M | 2.2M | 1.8M | 1.5M | 1.4M | 1.3M | |
Common Stock Shares Outstanding | 7.4M | 9.6M | 10.0M | 9.8M | 8.8M | 8.3M | |
Liabilities And Stockholders Equity | 22.6M | 26.3M | 30.0M | 38.4M | 44.1M | 25.6M | |
Non Current Liabilities Total | 4.8M | 4.7M | 5.1M | 4.9M | 5.6M | 3.3M | |
Inventory | 5.5M | 5.9M | 8.6M | 6.4M | 7.4M | 9.0M | |
Other Current Assets | 267.6K | 456.0K | 188.5K | 284.6K | 327.3K | 311.0K | |
Other Stockholder Equity | 6.9M | 10.8M | 12.7M | 13.1M | 15.1M | 9.5M | |
Total Liab | 7.4M | 6.7M | 7.3M | 6.9M | 7.9M | 7.8M | |
Total Current Assets | 12.1M | 15.5M | 19.9M | 28.4M | 32.6M | 19.0M | |
Short Term Debt | 783.6K | 288.9K | 223.5K | 236.2K | 271.7K | 450.0K | |
Non Currrent Assets Other | 6.9M | 7.2M | 5.7M | 6.0M | 6.9M | 3.6M | |
Accounts Payable | 827.7K | 398.4K | 796.2K | 267.5K | 307.6K | 292.3K | |
Property Plant And Equipment Gross | 3.6M | 3.6M | 12.1M | 11.8M | 13.6M | 14.2M | |
Other Liab | 2.5M | 2.7M | 2.1M | 2.1M | 2.4M | 2.3M | |
Other Assets | 6.9M | 7.2M | 5.7M | 6.0M | 6.9M | 5.5M | |
Property Plant Equipment | 3.6M | 3.6M | 4.3M | 953.9K | 1.1M | 1.0M | |
Net Tangible Assets | 15.2M | 18.9M | 22.7M | 31.5M | 36.2M | 20.5M | |
Retained Earnings Total Equity | 8.8M | 8.2M | 8.7M | 18.3M | 16.5M | 9.7M | |
Capital Surpluse | 6.2M | 6.9M | 10.8M | 13.1M | 15.1M | 15.8M | |
Non Current Liabilities Other | 2.7M | 2.5M | 4.7M | 4.9M | 5.6M | 5.9M | |
Current Deferred Revenue | 440.0K | 695.6K | 574.4K | 732.1K | 658.9K | 442.1K | |
Net Invested Capital | 15.7M | 19.6M | 22.7M | 31.5M | 36.2M | 21.5M |
Pair Trading with Koss
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Koss position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Koss will appreciate offsetting losses from the drop in the long position's value.Moving together with Koss Stock
Moving against Koss Stock
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The ability to find closely correlated positions to Koss could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koss when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Koss - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Koss Corporation to buy it.
The correlation of Koss is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Koss moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Koss moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Koss can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Koss Stock Analysis
When running Koss' price analysis, check to measure Koss' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Koss is operating at the current time. Most of Koss' value examination focuses on studying past and present price action to predict the probability of Koss' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Koss' price. Additionally, you may evaluate how the addition of Koss to your portfolios can decrease your overall portfolio volatility.