SanDisk (SanDisk) Total Inventories : $881 Mil (As of Mar. 2016)

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What is SanDisk Total Inventories?

SanDisk's total inventories for the quarter that ended in Mar. 2016 was $881 Mil. SanDisk's average total inventories from the quarter that ended in Dec. 2015 to the quarter that ended in Mar. 2016 was $845 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SanDisk's Net-Net Working Capital per share for the quarter that ended in Mar. 2016 was $5.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SanDisk's Days Inventory for the three months ended in Mar. 2016 was 93.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. SanDisk's Inventory Turnover for the quarter that ended in Mar. 2016 was 0.97.

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. SanDisk's Inventory-to-Revenue for the quarter that ended in Mar. 2016 was 0.62.

SanDisk Total Inventories Historical Data

The historical data trend for SanDisk'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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SanDisk Total Inventories Chart

SanDisk Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Total Inventories

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678.38

750.08

756.98

698.01

809.40

SanDisk Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Total Inventories	Get a 7-Day Free Trial															713.05	780.77	785.29	809.40	881.06

SanDisk 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.

SanDisk (NAS:SNDK) 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.

SanDisk's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2016 is

	Net-Net Working Capital Per Share (Q: Mar. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4521.294	+	0.75 * 497.183	+	0.5 * 881.056	-	4181.781
-	0	-	0)	/	202.935
=	5.68

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

SanDisk's Days Inventory for the three months ended in Mar. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2016 )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
	=	845.2255	/	822.411	*	365 / 4
	=	93.78

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

SanDisk's Inventory Turnover for the quarter that ended in Mar. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2016 )	/	Average Total Inventories (Q: Mar. 2016 )
	=	822.411	/	845.2255
	=	0.97

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.

SanDisk's Inventory to Revenue for the quarter that ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2016 )	/	Revenue (Q: Mar. 2016 )
	=	845.2255	/	1365.736
	=	0.62

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.

SanDisk Total Inventories Related Terms

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SanDisk (SanDisk) Business Description

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Address

Website

http://www.sandisk.com

SanDisk Corp was incorporated in Delaware in June 1988. The Company designs, develops and manufactures data storage solutions in a variety of form factors using flash memory, controller, firmware and software technologies. Its solutions include SSDs, embedded products, removable cards, universal serial bus, or USB, drives, wireless media drives, digital media players and wafers and components. The Company's SSD products are used in both client computing platforms and enterprise data centers. Its embedded flash products are used in mobile phones, tablets, computing platforms, imaging devices, and many other products. Its removable cards are used in consumer electronics devices such as mobile phones, tablets, digital cameras, gaming devices and personal computers or PCs. The Company operates in one segment, flash memory storage products. It operates in United States, China, Taiwan, Other Asia-Pacific & Europe, Middle East and Africa. The Company competes with NAND flash memory manufacturers, including Hynix, Intel, Micron Technology, Inc., or Micron, Samsung and Toshiba. The Company's primary competitors currently include, among others, Kingston Technology Company, Inc., or Kingston, Lexar Media, Inc., or Lexar, a subsidiary of Micron, PNY Technologies, Inc., or PNY, Samsung, Sony and Transcend Information, Inc., or Transcend. In the USB flash drive market. SanDisk is the Company's trademark, and is registered in the U.S. and other countries.

Executives

Judy Bruner	officer: Exec. VP, Administration, CFO	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Mark David Brazeal	officer: SVP, Chief Legal Officer & IP	1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Eddy W Hartenstein	director
Chenming Hu	director	2060 PEBBLE DRIVE, ALAMO CA 94507
Catherine P Lego	director	C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
Michael E Marks	director
Steven J Gomo	director	495 E. JAVA DRIVE, SUNNYVALE CA 94089
Sanjay Mehrotra	director, officer: President/CEO	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Robertson Donald F Jr	officer: VP & Chief Accounting Officer	C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Srinivasan Sivaram	officer: EVP, Memory Technology	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Irwin Federman	director	2735 SAND HILL ROAD, MENLO PARK CA 94025
Sumit Sadana	officer: EVP, CSO & GM Enterprise	47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Eric S Whitaker	officer: SVP & Senior Legal Officer
Kevin A Denuccio	director	300 HOLGER WAY, SAN JOSE CA 95134
Randhir Thakur	officer: EVP,Technology & Worldwide Ops	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039