Integrated Silicon Solution (Integrated Silicon Solution) Total Inventories : $87.4 Mil (As of Jun. 2015)

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What is Integrated Silicon Solution Total Inventories?

Integrated Silicon Solution's total inventories for the quarter that ended in Jun. 2015 was $87.4 Mil. Integrated Silicon Solution's average total inventories from the quarter that ended in Mar. 2015 to the quarter that ended in Jun. 2015 was $89.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Integrated Silicon Solution's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was $2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Silicon Solution's Days Inventory for the three months ended in Jun. 2015 was 150.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Silicon Solution's Inventory Turnover for the quarter that ended in Jun. 2015 was 0.61.

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. Integrated Silicon Solution's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 1.10.

Integrated Silicon Solution Total Inventories Historical Data

The historical data trend for Integrated Silicon Solution'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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Integrated Silicon Solution Total Inventories Chart

Integrated Silicon Solution Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Total Inventories

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54.56

56.80

66.96

68.47

85.09

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
Total Inventories	Get a 7-Day Free Trial															80.10	85.09	88.11	90.84	87.44

Integrated Silicon Solution 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.

Integrated Silicon Solution (NAS:ISSI) 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.

Integrated Silicon Solution's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is

	Net-Net Working Capital Per Share (Q: Jun. 2015 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(98.921	+	0.75 * 51.107	+	0.5 * 87.441	-	97.121
-	0	-	2.159)	/	32.2627
=	2.53

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

Integrated Silicon Solution's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	89.1395	/	53.936	*	365 / 4
	=	150.81

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

Integrated Silicon Solution's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2015 )	/	Average Total Inventories (Q: Jun. 2015 )
	=	53.936	/	89.1395
	=	0.61

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.

Integrated Silicon Solution's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	89.1395	/	81.24
	=	1.10

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.

Integrated Silicon Solution Total Inventories Related Terms

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Integrated Silicon Solution (Integrated Silicon Solution) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Integrated Silicon Solution Inc (NAS:ISSI) » Definitions » Total Inventories

Traded in Other Exchanges

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Address

Website

http://www.issi.com

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