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Integrated Silicon Solution (Integrated Silicon Solution) Net Current Asset Value : $5.81 (As of Jun. 2015)


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What is Integrated Silicon Solution Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Integrated Silicon Solution's net current asset value per share for the quarter that ended in Jun. 2015 was $5.81.

The historical rank and industry rank for Integrated Silicon Solution's Net Current Asset Value or its related term are showing as below:

ISSI's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 5.8
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Integrated Silicon Solution Net Current Asset Value Historical Data

The historical data trend for Integrated Silicon Solution's Net Current Asset Value 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.

* Premium members only.

Integrated Silicon Solution Net Current Asset Value Chart

Integrated Silicon Solution Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 5.62 5.21 6.60 6.70

Integrated Silicon Solution Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.88 6.70 6.47 6.57 5.81

Competitive Comparison of Integrated Silicon Solution's Net Current Asset Value

For the Semiconductors subindustry, Integrated Silicon Solution's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Integrated Silicon Solution's Price-to-Net-Current-Asset-Value Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Integrated Silicon Solution's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Integrated Silicon Solution's Price-to-Net-Current-Asset-Value falls into.



Integrated Silicon Solution Net Current Asset Value Calculation

Integrated Silicon Solution's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Sep. 2014 is calculated as

Net Current Asset Value Per Share(A: Sep. 2014 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(294.463-85.784-2.088-0)/30.832
=6.70

Integrated Silicon Solution's Net Current Asset Value (NCAV) per share for the quarter that ended in Jun. 2015 is calculated as

Net Current Asset Value Per Share(Q: Jun. 2015 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(286.816-97.121-2.159-0)/32.2627
=5.81

* 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.


Integrated Silicon Solution  (NAS:ISSI) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Integrated Silicon Solution Net Current Asset Value Related Terms

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Integrated Silicon Solution (Integrated Silicon Solution) Business Description

Traded in Other Exchanges
N/A
Address
Integrated Silicon Solution Inc, a Delaware corporation incorporated in October 27,1988. It is a fabless semiconductor company that designs and markets high performance integrated circuits for the automotive; communications; industrial, medical and military; and digital consumer markets. Its main products are low and medium density DRAM and high speed and low power SRAM. In particular, the Company's SRAM products are used in WLANs, cell phones, base stations, networking switches and routers, fiber to the home, DSL modems, LCD TVs, set-top boxes, GPS systems, instrumentation, engine control systems, medical equipment, telematics, audio and video equipment, satellite radio, POS terminals, fax machines, copiers, tape drives, and other applications. The Company's low and medium density DRAM products are used in WLANs, base stations, networking switches and routers, FTTH, DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, voice over internet protocol, printers, disk drives, tape drives, audio/video equipment, instrumentation, GPS, telematics, infotainment, smart meters and other applications. In the low to medium density DRAM area, the Company competes with Elpida, Hynix, Micron, Nanya, Oki, Samsung and Winbond. In addition, there are several fabless Taiwanese companies that are competitors, including ESMT and Etron. In the analog market, the Company's main competitors include AMS, IWatt, Linear Technology, Maxim Integrated Products, MaxLinear, Microsemi and NXP Semiconductors. The Company outsources its manufacturing operations, including wafer fabrication, assembly and testing. The Company is subject to federal, state and local regulations relating to the use, handling, storage, disposal and human exposure to hazardous and toxic materials.
Executives
John Cobb officer: CFO C/O ISSI, 1940 ZANKER ROAD, SAN JOSE CA 95112
Starboard Value Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Cathal G Phelan 10 percent owner, other: See Explanation of Responses 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Edward Terino 10 percent owner, other: See Explanation of Responses 17 CANTERBURY ROAD, WINDHAM NH 03087
Starboard Value & Opportunity S Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Lp 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Mark R Mitchell 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Oliver Press Investors, Llc 10 percent owner, other: See Explanation of Responses 152 WEST 57TH STREET NEW YORK NY 10019
Augustus K Oliver 10 percent owner, other: See Explanation of Responses C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012
Starboard Value & Opportunity Master Fund Ltd 10 percent owner, other: See Footnote 1 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017

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