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Integrated Memory Logic (TPE:3638) Total Inventories : NT$68 Mil (As of Jun. 2014)


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What is Integrated Memory Logic Total Inventories?

Integrated Memory Logic's total inventories for the quarter that ended in Jun. 2014 was NT$68 Mil. Integrated Memory Logic's average total inventories from the quarter that ended in Mar. 2014 to the quarter that ended in Jun. 2014 was NT$73 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Integrated Memory Logic's Net-Net Working Capital per share for the quarter that ended in Jun. 2014 was NT$50.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Memory Logic's Days Inventory for the three months ended in Jun. 2014 was 30.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Integrated Memory Logic's Inventory Turnover for the quarter that ended in Jun. 2014 was 3.00.

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 Memory Logic's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.16.


Integrated Memory Logic Total Inventories Historical Data

The historical data trend for Integrated Memory Logic'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.

Integrated Memory Logic Total Inventories Chart

Integrated Memory Logic Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
Total Inventories
259.82 209.80 227.25 142.21 73.76

Integrated Memory Logic Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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 100.13 79.44 73.76 78.74 67.83

Integrated Memory Logic 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 Memory Logic  (TPE:3638) 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 Memory Logic's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2014 is

Net-Net Working Capital Per Share (Q: Jun. 2014 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3968.515+0.75 * 327.002+0.5 * 67.833-446.417
-0-0)/74.5526
=50.99

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

Integrated Memory Logic's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2014 )/Cost of Goods Sold (Q: Jun. 2014 )*Days in Period
=73.2855/219.642*365 / 4
=30.45

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

Integrated Memory Logic's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2014 ) / Average Total Inventories (Q: Jun. 2014 )
=219.642 / 73.2855
=3.00

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 Memory Logic's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2014 ) / Revenue (Q: Jun. 2014 )
=73.2855 / 457.521
=0.16

* 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.


Integrated Memory Logic Total Inventories Related Terms

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Integrated Memory Logic Business Description

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Integrated Memory Logic Ltd. provides analog, power management, and mixed signal IC solutions for LCD panel applications. It also designs custom chips; and provides packaging and testing outsourcing services.

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