Finisar (Finisar) Total Inventories : $321 Mil (As of Jul. 2019)

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What is Finisar Total Inventories?

Finisar's total inventories for the quarter that ended in Jul. 2019 was $321 Mil. Finisar's average total inventories from the quarter that ended in Apr. 2019 to the quarter that ended in Jul. 2019 was $310 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Finisar's Net-Net Working Capital per share for the quarter that ended in Jul. 2019 was $3.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Finisar's Days Inventory for the three months ended in Jul. 2019 was 141.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Finisar's Inventory Turnover for the quarter that ended in Jul. 2019 was 0.64.

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. Finisar's Inventory-to-Revenue for the quarter that ended in Jul. 2019 was 1.09.

Finisar Total Inventories Historical Data

The historical data trend for Finisar'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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Finisar Total Inventories Chart

Finisar Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Total Inventories

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283.67

273.29

331.39

348.53

299.03

Finisar Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19
Total Inventories	Get a 7-Day Free Trial															325.85	309.50	306.86	299.03	320.56

Finisar 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.

Finisar (NAS:FNSR) 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.

Finisar's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2019 is

	Net-Net Working Capital Per Share (Q: Jul. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(882.269	+	0.75 * 256.605	+	0.5 * 320.555	-	780.786
-	0	-	0)	/	120.731
=	3.76

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

Finisar's Days Inventory for the three months ended in Jul. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2019 )	/	Cost of Goods Sold (Q: Jul. 2019 )	*	Days in Period
	=	309.7915	/	199.763	*	365 / 4
	=	141.51

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

Finisar's Inventory Turnover for the quarter that ended in Jul. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jul. 2019 )	/	Average Total Inventories (Q: Jul. 2019 )
	=	199.763	/	309.7915
	=	0.64

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.

Finisar's Inventory to Revenue for the quarter that ended in Jul. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2019 )	/	Revenue (Q: Jul. 2019 )
	=	309.7915	/	285.028
	=	1.09

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.

Finisar Total Inventories Related Terms

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Finisar (Finisar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Finisar Corp (NAS:FNSR) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

1389 Moffett Park Drive, Sunnyvale, CA, USA, 94089

Website

http://www.finisar.com

Founded in 1987, Finisar is a California-based large provider of fiber optical modules and components that are used in data communications and telecommunications. Its products include transceivers and wavelength switches for data center interconnects, and intracity/metro and long-haul communications. Finisar sells to manufacturers of storage systems and network equipment and their OEMs, which in turn sell to telecom service providers and cloud vendors.

Executives

Michael L Dreyer	director	C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Michael C Child	director	125 HIGH ST STE 2500, BOSTON MA 02110
Thomas E Pardun	director	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DR, SUITE 100, IRVINE CA 92612
Helene Simonet	director
Jerry S Rawls	director	1308 MOFFETT PARK DRIVE, SUNNYVALE CA 94089-1133
Robert Stephens	director	3102 MONTANA DEL SOL, SAN CLEMENTE CA 92673
Kurt Adzema	officer: EVP & Chief Financial Officer	1389 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael E. Hurlston	director, officer: CEO	5300 CALIFORNIA AVENUE, IRVINE CA 92617
Eitan Gertel	director, officer: CEO	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Dominique Trempont	director	5 RANDALL PLACE, MENLO PARK CA 94025
Christopher J Crespi	director	C/O SIRENZA MICRODEVICES, INC., 303 SOUTH TECHNOLOGY COURT, BROOMFIELD CO 80021
Morgan M Jones	director	C/O BATTERY VENTURES, 20 WILLIAM ST STE 200, WELLESLEY MA 02481
Frank H Levinson	director	3736 FALLON ROAD #428, DUBLIN CA 94568
Harold Hughes	director	C/O RAMBUS INC., 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089