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QuickLogic (QuickLogic) Total Inventories : $2.03 Mil (As of Dec. 2023)


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What is QuickLogic Total Inventories?

QuickLogic's total inventories for the quarter that ended in Dec. 2023 was $2.03 Mil. QuickLogic's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. QuickLogic's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QuickLogic's Days Inventory for the three months ended in Dec. 2023 was 108.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. QuickLogic's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.84.

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. QuickLogic's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.


QuickLogic Total Inventories Historical Data

The historical data trend for QuickLogic'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.

QuickLogic Total Inventories Chart

QuickLogic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.26 2.69 2.08 2.49 2.03

QuickLogic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.49 2.50 2.46 2.03 2.03

QuickLogic 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.


QuickLogic  (NAS:QUIK) 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.

QuickLogic's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(24.606+0.75 * 1.625+0.5 * 2.029-30.897
-0-0)/14.118
=-0.29

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

QuickLogic's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=2.0295/1.713*365 / 4
=108.11

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

QuickLogic's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=1.713 / 2.0295
=0.84

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.

QuickLogic's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=2.0295 / 7.479
=0.27

* 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.


QuickLogic Total Inventories Related Terms

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QuickLogic (QuickLogic) Business Description

Traded in Other Exchanges
Address
2220 Lundy Avenue, San Jose, CA, USA, 95131
QuickLogic Corp is engaged in the development and marketing of semiconductor and software algorithm solutions for mobile and portable electronics. The company's products enable smartphone, wearable and IoT device Original Equipment Manufacturers, or OEMs, to deliver long battery life for their customers. Its solutions fall into one of four categories: Sensor Processing, eFPGA IP and its associated Tools, Display, and Smart Connectivity. Geographically, it has a presence in the Asia Pacific, Europe, and North America. It also works with mobile processor manufacturers, sensor manufacturers, sensor fusion, and context awareness algorithm developers in the development of reference designs.
Executives
Brian C Faith officer: VP WW Sales & Marketing C/O QUICKLOGIC CORPORATION, 1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Timothy Saxe officer: Chief Technology Officer 109 SYLVAN WAY, LOS ALTOS CA 94022
Elias Nader officer: CFO, SVP Finance 1778 MCCARTHY BLVD., C/O SIGMA DESIGNS, INC., MILPITAS CA 95035
Russell Christine director 17165 PINE STREET, LOS GATOS CA 95032
Joyce Kim director 2220 LUNDY AVENUE, 2220 LUNDY AVENUE, SAN JOSE CA 95131
Radhika Krishnan director 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Andrew J Pease officer: VP, Worldwide Sales
Gary H Tauss director
Michael Farese director 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Robert H Schoenfield officer: VP Worldwide Sales C/O AUDIENCE, INC., 331 FAIRCHILD DR., MOUNTAIN VIEW CA 94043
Suping (sue) Cheung officer: Controller, Princ. Acctg. Off. C/O QUICKLOGIC CORPORATION, SUNNYVALE CA 94089
Daniel A Rabinovitsj director 400 W CESAR CHAVEZ, AUSTIN TX 78701
E Thomas Hart director, officer: Chairman, President and CEO 1277 ORLEANS DRIVE, SUNNYVALE CA 94089-1138
Edgar Auslander director 1277 ORLEANS DRIVE, SUNNYVALE CA 94089
Maxime Bouvat-merlin officer: VP WW Engineering C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101