International Speedway (International Speedway) Total Inventories : $0.0 Mil (As of Aug. 2019)

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What is International Speedway Total Inventories?

International Speedway's total inventories for the quarter that ended in Aug. 2019 was $0.0 Mil. International Speedway's average total inventories from the quarter that ended in May. 2019 to the quarter that ended in Aug. 2019 was $0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. International Speedway's Net-Net Working Capital per share for the quarter that ended in Aug. 2019 was $-6.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Speedway's Days Inventory for the three months ended in Aug. 2019 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. International Speedway's Inventory-to-Revenue for the quarter that ended in Aug. 2019 was 0.00.

International Speedway Total Inventories Historical Data

The historical data trend for International Speedway'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.

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International Speedway Total Inventories Chart

International Speedway Annual Data

Trend

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Total Inventories

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4.03

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

International Speedway Total Inventories Calculation

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.

International Speedway (NAS:ISCA) 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.

International Speedway's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2019 is

	Net-Net Working Capital Per Share (Q: Aug. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(335.079	+	0.75 * 49.191	+	0.5 * 0	-	669.112
-	0	-	0)	/	43.4852
=	-6.83

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

International Speedway's Days Inventory for the three months ended in Aug. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2019 )	/	Cost of Goods Sold (Q: Aug. 2019 )	*	Days in Period
	=	0	/	95.362	*	365 / 4
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

International Speedway's Inventory Turnover for the quarter that ended in Aug. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2019 )	/	Average Total Inventories (Q: Aug. 2019 )
	=	95.362	/	0
	=	N/A

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.

International Speedway's Inventory to Revenue for the quarter that ended in Aug. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2019 )	/	Revenue (Q: Aug. 2019 )
	=	0	/	165.063
	=	0.00

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.

International Speedway Total Inventories Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (NAS:ISCA) » Definitions » Total Inventories

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Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.

Executives

Larree M Renda	director
Hyatt J Brown	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi	director	8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731