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Applied Micro Circuits's total inventories for the quarter that ended in Sep. 2016 was $13.2 Mil. Applied Micro Circuits's average total inventories from the quarter that ended in Jun. 2016 to the quarter that ended in Sep. 2016 was $12.9 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Applied Micro Circuits's Net-Net Working Capital per share for the quarter that ended in Sep. 2016 was $0.78.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Applied Micro Circuits's Days Inventory for the three months ended in Sep. 2016 was 83.32.
Inventory Turnover measures how fast the company turns over its inventory within a year. Applied Micro Circuits's Inventory Turnover for the quarter that ended in Sep. 2016 was 1.10.
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. Applied Micro Circuits's Inventory-to-Revenue for the quarter that ended in Sep. 2016 was 0.31.
The historical data trend for Applied Micro Circuits'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.
Applied Micro Circuits Annual Data | |||||||||||||||||||||
Trend | Mar07 | Mar08 | Mar09 | Mar10 | Mar11 | Mar12 | Mar13 | Mar14 | Mar15 | Mar16 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 23.24 | 12.90 | 18.95 | 23.51 | 16.15 |
Applied Micro Circuits Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Total Inventories | Get a 7-Day Free Trial | 20.38 | 19.69 | 16.15 | 12.60 | 13.18 |
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.
Applied Micro Circuits (NAS:AMCC) 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.
Applied Micro Circuits's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2016 is
Net-Net Working Capital Per Share (Q: Sep. 2016 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (81.728 | + | 0.75 * 13.552 | + | 0.5 * 13.181 | - | 30.787 |
- | 0 | - | 0) | / | 86.453 | ||
= | 0.78 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Applied Micro Circuits's Days Inventory for the three months ended in Sep. 2016 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2016 ) | / | Cost of Goods Sold (Q: Sep. 2016 ) | * | Days in Period |
= | 12.8925 | / | 14.119 | * | 365 / 4 | |
= | 83.32 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Applied Micro Circuits's Inventory Turnover for the quarter that ended in Sep. 2016 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2016 ) | / | Average Total Inventories (Q: Sep. 2016 ) |
= | 14.119 | / | 12.8925 | |
= | 1.10 |
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.
Applied Micro Circuits's Inventory to Revenue for the quarter that ended in Sep. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2016 ) | / | Revenue (Q: Sep. 2016 ) |
= | 12.8925 | / | 41.779 | |
= | 0.31 |
* 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.
Thank you for viewing the detailed overview of Applied Micro Circuits's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Duston Williams | director | C/O NUTANIX, INC., 1740 TECHNOLOGY DRIVE, SUITE 150, SAN JOSE CA 95110 |
Paul R Gray | director | 63 LA CUESTA ORINDA CA 94563 |
Martin S Mcdermut | officer: Vice President and CFO | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Karen M Rogge | officer: Interim CFO | APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054 |
Shiva Kumar Natarajan | officer: VP Corporate Controller | 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089 |
Hk Desai | director | 26650 ALISO VIEJO PARKWAY, ALISO VIEJO CA 92656 |
Mark Wadlington | officer: VP Worldwide Sales | 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089 |
Donald A Colvin | director | ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109 |
Julie Sullivan | director | 6290 SEQUENCE DRIVE SAN DIEGO CA 92121 |
Hooshmand Kambiz | officer: President & CEO | 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121 |
David B Wright | director | C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Harvey White | director | |
Johnson Franklin P Jr | director | |
David Rickey | director, officer: COB and CEO | |
Stephen M Smith | officer: CFO |
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