Koss Non Current Assets Total vs Non Currrent Assets Other 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 Non Current Assets Total and its Non Currrent Assets Other 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.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Koss Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Koss' Non Current Assets Total and Non Currrent Assets Other is 0.92. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Koss Corporation, assuming nothing else is changed. The correlation between historical values of Koss' Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Koss Corporation are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Koss' Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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

Total Operating Expenses Cost Of Revenue

Koss fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Other Assets	Common Stock Total Equity
Total Assets		0.4	0.06	0.11	0.79	0.67	-0.19	0.91	0.28	0.68	0.6	0.07	-0.43	0.65	0.53	0.06	0.63	0.48	0.96	-0.01	0.51	-0.08	0.59	0.4	0.24	0.75
Short Long Term Debt Total	0.4		0.01	0.16	0.04	0.09	-0.15	0.35	0.03	0.72	-0.28	0.32	-0.76	0.18	0.49	0.32	0.59	0.27	0.22	0.07	0.67	0.46	-0.19	0.53	0.62	0.47
Other Current Liab	0.06	0.01		0.88	-0.23	-0.3	0.14	0.19	-0.43	-0.07	-0.38	0.88	0.11	-0.37	0.38	0.4	-0.32	0.72	0.1	-0.4	-0.26	0.57	-0.35	0.46	-0.41	-0.39
Total Current Liabilities	0.11	0.16	0.88		-0.1	-0.29	0.13	0.3	-0.49	0.11	-0.34	0.82	-0.21	-0.37	0.59	0.62	-0.2	0.86	0.1	-0.3	-0.05	0.76	-0.31	0.66	-0.21	-0.26
Total Stockholder Equity	0.79	0.04	-0.23	-0.1		0.56	-0.1	0.81	0.26	0.36	0.9	-0.26	-0.33	0.53	0.46	-0.14	0.58	0.19	0.82	0.19	0.25	-0.38	0.85	0.09	0.2	0.7
Property Plant And Equipment Net	0.67	0.09	-0.3	-0.29	0.56		-0.42	0.36	0.72	0.51	0.61	-0.36	-0.1	0.97	0.07	-0.3	0.17	0.23	0.62	0.29	0.45	-0.43	0.7	0.06	-0.02	0.69
Net Debt	-0.19	-0.15	0.14	0.13	-0.1	-0.42		0.08	-0.82	-0.29	-0.05	0.16	0.03	-0.36	-0.17	-0.11	-0.23	-0.07	-0.12	-0.01	-0.17	0.15	-0.2	-0.03	-0.15	-0.53
Retained Earnings	0.91	0.35	0.19	0.3	0.81	0.36	0.08		-0.1	0.56	0.56	0.19	-0.48	0.33	0.65	0.17	0.62	0.5	0.89	-0.06	0.37	0.09	0.5	0.42	0.29	0.55
Cash	0.28	0.03	-0.43	-0.49	0.26	0.72	-0.82	-0.1		0.23	0.35	-0.43	0.08	0.71	-0.11	-0.28	0.21	-0.12	0.25	0.22	0.22	-0.56	0.49	-0.17	0.0	0.64
Non Current Assets Total	0.68	0.72	-0.07	0.11	0.36	0.51	-0.29	0.56	0.23		0.05	0.13	-0.75	0.55	0.56	0.09	0.56	0.42	0.44	0.19	0.92	0.31	0.08	0.68	0.64	0.67
Cash And Short Term Investments	0.6	-0.28	-0.38	-0.34	0.9	0.61	-0.05	0.56	0.35	0.05		-0.53	0.04	0.55	0.07	-0.31	0.34	-0.05	0.71	0.22	0.01	-0.65	0.94	-0.26	-0.08	0.55
Net Receivables	0.07	0.32	0.88	0.82	-0.26	-0.36	0.16	0.19	-0.43	0.13	-0.53		-0.25	-0.32	0.5	0.41	-0.1	0.7	0.04	-0.31	-0.01	0.63	-0.51	0.68	-0.09	-0.25
Common Stock Shares Outstanding	-0.43	-0.76	0.11	-0.21	-0.33	-0.1	0.03	-0.48	0.08	-0.75	0.04	-0.25		-0.21	-0.63	-0.33	-0.6	-0.34	-0.23	-0.31	-0.74	-0.37	0.09	-0.72	-0.78	-0.51
Non Current Liabilities Total	0.65	0.18	-0.37	-0.37	0.53	0.97	-0.36	0.33	0.71	0.55	0.55	-0.32	-0.21		0.04	-0.34	0.25	0.17	0.59	0.36	0.52	-0.47	0.62	0.12	0.09	0.71
Inventory	0.53	0.49	0.38	0.59	0.46	0.07	-0.17	0.65	-0.11	0.56	0.07	0.5	-0.63	0.04		0.27	0.43	0.65	0.43	-0.12	0.34	0.49	0.16	0.63	0.33	0.4
Other Current Assets	0.06	0.32	0.4	0.62	-0.14	-0.3	-0.11	0.17	-0.28	0.09	-0.31	0.41	-0.33	-0.34	0.27		0.1	0.46	0.04	-0.26	0.02	0.58	-0.35	0.43	0.18	-0.08
Other Stockholder Equity	0.63	0.59	-0.32	-0.2	0.58	0.17	-0.23	0.62	0.21	0.56	0.34	-0.1	-0.6	0.25	0.43	0.1		-0.08	0.56	-0.04	0.52	-0.07	0.29	0.23	0.69	0.73
Total Liab	0.48	0.27	0.72	0.86	0.19	0.23	-0.07	0.5	-0.12	0.42	-0.05	0.7	-0.34	0.17	0.65	0.46	-0.08		0.43	-0.11	0.24	0.54	0.01	0.77	-0.17	0.12
Total Current Assets	0.96	0.22	0.1	0.1	0.82	0.62	-0.12	0.89	0.25	0.44	0.71	0.04	-0.23	0.59	0.43	0.04	0.56	0.43		-0.08	0.27	-0.22	0.7	0.23	0.05	0.65
Short Term Debt	-0.01	0.07	-0.4	-0.3	0.19	0.29	-0.01	-0.06	0.22	0.19	0.22	-0.31	-0.31	0.36	-0.12	-0.26	-0.04	-0.11	-0.08		0.25	-0.34	0.16	0.03	0.25	0.17
Non Currrent Assets Other	0.51	0.67	-0.26	-0.05	0.25	0.45	-0.17	0.37	0.22	0.92	0.01	-0.01	-0.74	0.52	0.34	0.02	0.52	0.24	0.27	0.25		0.27	0.0	0.63	0.61	0.62
Accounts Payable	-0.08	0.46	0.57	0.76	-0.38	-0.43	0.15	0.09	-0.56	0.31	-0.65	0.63	-0.37	-0.47	0.49	0.58	-0.07	0.54	-0.22	-0.34	0.27		-0.6	0.61	0.16	-0.27
Property Plant And Equipment Gross	0.59	-0.19	-0.35	-0.31	0.85	0.7	-0.2	0.5	0.49	0.08	0.94	-0.51	0.09	0.62	0.16	-0.35	0.29	0.01	0.7	0.16	0.0	-0.6		-0.3	-0.16	0.59
Other Liab	0.4	0.53	0.46	0.66	0.09	0.06	-0.03	0.42	-0.17	0.68	-0.26	0.68	-0.72	0.12	0.63	0.43	0.23	0.77	0.23	0.03	0.63	0.61	-0.3		0.32	0.24
Other Assets	0.24	0.62	-0.41	-0.21	0.2	-0.02	-0.15	0.29	0.0	0.64	-0.08	-0.09	-0.78	0.09	0.33	0.18	0.69	-0.17	0.05	0.25	0.61	0.16	-0.16	0.32		0.44
Common Stock Total Equity	0.75	0.47	-0.39	-0.26	0.7	0.69	-0.53	0.55	0.64	0.67	0.55	-0.25	-0.51	0.71	0.4	-0.08	0.73	0.12	0.65	0.17	0.62	-0.27	0.59	0.24	0.44

Click cells to compare fundamentals

Koss Account Relationship Matchups

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

0.67

DOGZ

Dogness International Trending

Pair Corr

Moving against Koss Stock

0.87	VOXX	VOXX International	Pair Corr
0.73	VNCE	Vince Holding Corp	Pair Corr
0.66	WLDS	Wearable Devices	Pair Corr
0.62	VEEE	Twin Vee Powercats	Pair Corr
0.58	BC	Brunswick	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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