Electro Scientific Industries (Electro Scientific Industries) Total Inventories : $81.8 Mil (As of Dec. 2018)

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What is Electro Scientific Industries Total Inventories?

Electro Scientific Industries's total inventories for the quarter that ended in Dec. 2018 was $81.8 Mil. Electro Scientific Industries's average total inventories from the quarter that ended in Sep. 2018 to the quarter that ended in Dec. 2018 was $81.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Electro Scientific Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $5.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro Scientific Industries's Days Inventory for the three months ended in Dec. 2018 was 178.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electro Scientific Industries's Inventory Turnover for the quarter that ended in Dec. 2018 was 0.51.

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. Electro Scientific Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 1.20.

Electro Scientific Industries Total Inventories Historical Data

The historical data trend for Electro Scientific Industries'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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Electro Scientific Industries Total Inventories Chart

Electro Scientific Industries Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Total Inventories

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58.90

56.64

60.47

58.94

87.69

Electro Scientific Industries Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Total Inventories	Get a 7-Day Free Trial															74.50	87.69	94.27	81.43	81.85

Electro Scientific Industries 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.

Electro Scientific Industries (NAS:ESIO) 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.

Electro Scientific Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 is

	Net-Net Working Capital Per Share (Q: Dec. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(175.21	+	0.75 * 55.557	+	0.5 * 81.846	-	83.773
-	0	-	0)	/	34.784
=	5.00

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

Electro Scientific Industries's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	81.64	/	41.804	*	365 / 4
	=	178.20

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

Electro Scientific Industries's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2018 )	/	Average Total Inventories (Q: Dec. 2018 )
	=	41.804	/	81.64
	=	0.51

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.

Electro Scientific Industries's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	81.64	/	67.942
	=	1.20

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.

Electro Scientific Industries Total Inventories Related Terms

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Electro Scientific Industries (Electro Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Electro Scientific Industries Inc (NAS:ESIO) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Website

http://www.esi.com

Electro Scientific Industries Inc is a manufacturer of electronic components. The company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products, and component products. The interconnect, semiconductor and component products are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device.

Executives

Raymond A Link	director	C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael D Burger	officer: PRESIDENT AND CEO	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich	officer: CHIEF FINANCIAL OFFICER	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Lynne J Camp	director	714 NW 914TH TERRACE, PORTLAND OR 97229
Paul R Oldham	officer: CFO, Sr. VP of Finance	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
John K Medica	director	C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC EXPWY, BLDG C, AUSTIN TX 78759
Edward C Grady	director, officer: President & CEO
Richard J Faubert	director	14242 S CANYON DR, PHOENIX AZ 85048
Jon D Tompkins	director	17075 THORNMINT COURT, SAN DIEGO CA 92127
D3 Family Fund Lp	director, 10 percent owner	19605 NE 8TH STREET CAMAS WA 98607
Nierenberg Investment Management Co	director	19605 NE 8TH ST, CAMAS WA 98607
David Nierenberg	director, 10 percent owner	19605 NE 8TH STREET, CAMAS WA 98607
Nierenberg Investment Management Offshore Inc	10 percent owner	19605 NE 8TH STREET CAMAS WA 98607
D3 Family Canadian Fund, L.p.	10 percent owner	19605 NE 8TH STREET, CAMAS WA 98607
D3 Offshore Fund Lp	10 percent owner	19605 NE 8TH ST CAMAS WA 98607