Qualcomm Inc. (QCOM)
Analysis of Inventory
Inventory Accounting Policy
Inventories are valued at the lower of cost and net realizable value using the first-in, first-out method. Recoverability of inventories is assessed based on review of future customer demand that considers multiple factors, including committed purchase orders from customers as well as purchase commitment projections provided by customers and Qualcomm’s own forecast of customer demand, among other things.
Source: 10-K (filing date: 2018-11-07).
Qualcomm Inc., Statement of Financial Position, Inventory
USD $ in millions
|Sep 30, 2018||Sep 24, 2017||Sep 25, 2016||Sep 27, 2015||Sep 28, 2014||Sep 29, 2013|
Based on: 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05), 10-K (filing date: 2013-11-06).
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Qualcomm Inc.’s inventories increased from 2016 to 2017 but then slightly declined from 2017 to 2018 not reaching 2016 level.|