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Mellanox Technologies (FRA:ZZE) Total Inventories : €127 Mil (As of Mar. 2020)


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What is Mellanox Technologies Total Inventories?

Mellanox Technologies's total inventories for the quarter that ended in Mar. 2020 was €127 Mil. Mellanox Technologies's average total inventories from the quarter that ended in Dec. 2019 to the quarter that ended in Mar. 2020 was €107 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mellanox Technologies's Net-Net Working Capital per share for the quarter that ended in Mar. 2020 was €11.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mellanox Technologies's Days Inventory for the three months ended in Mar. 2020 was 76.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mellanox Technologies's Inventory Turnover for the quarter that ended in Mar. 2020 was 1.20.

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. Mellanox Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 0.28.


Mellanox Technologies Total Inventories Historical Data

The historical data trend for Mellanox Technologies'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.

* Premium members only.

Mellanox Technologies Total Inventories Chart

Mellanox Technologies Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.35 62.12 54.64 91.75 88.23

Mellanox Technologies Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Total Inventories 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 84.66 79.34 77.11 88.23 126.77

Mellanox Technologies 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.


Mellanox Technologies  (FRA:ZZE) 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.

Mellanox Technologies's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2020 is

Net-Net Working Capital Per Share (Q: Mar. 2020 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(848.876+0.75 * 243.672+0.5 * 126.772-448.564
-0-0)/56.2352
=11.50

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

Mellanox Technologies's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2020 )/Cost of Goods Sold (Q: Mar. 2020 )*Days in Period
=107.4995/129.008*365 / 4
=76.04

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

Mellanox Technologies's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2020 ) / Average Total Inventories (Q: Mar. 2020 )
=129.008 / 107.4995
=1.20

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.

Mellanox Technologies's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 )
=107.4995 / 388.015
=0.28

* 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.


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.


Mellanox Technologies Total Inventories Related Terms

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Mellanox Technologies (FRA:ZZE) Business Description

Traded in Other Exchanges
N/A
Address
Beit Mellanox, Yokneam, ISR, 20692
Mellanox Technologies Ltd is engaged in the development, manufacturing, marketing and sales of end-to-end Ethernet and InfiniBand intelligent interconnect solutions and services for servers, storage, and hyper-converged infrastructure. The company offers integrated circuits, adapter cards, switch systems, cables, modules, software, services, and accessories. The company supplies its products mainly to the storage and communications infrastructure equipment vendors. The company operates its business mainly in United States, Europe, China, Japan, India, Taiwan and Australia.

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